Court approves substantially-all-assets sale procedures
The court approved SAS Healthcare’s sale and bidding procedures, authorizing the Debtors to market and sell substantially all assets free and clear of liens, claims, encumbrances, and interests, with related bid protections approved under a referenced stalking-horse APA. The sale and bidding procedures order turns the case from first-day stabilization into an active 363 sale process, setting the framework for creditor recoveries to be driven by market bids rather than an operating reorganization.
The order matters now because it gives professionals a concrete sale track to monitor: qualifying bids, any auction, sale objections, and final sale approval will determine enterprise value and collateral recovery. The retrieved order text did not identify the stalking-horse buyer or specific bid, auction, sale-hearing, or objection deadlines in the analyzed chunks, so those dates should be tracked from the sale notice or later docket activity rather than inferred here.