Bidding war develops for assets and IP of bankrupt HealthSpot
With two competing bids received before Wednesday's deadline. the U.S. Bankruptcy Court in Columbus, Ohio, will hold an auction Monday.
With two competing bids received before Wednesday's deadline. the U.S. Bankruptcy Court in Columbus, Ohio, will hold an auction Monday.
The kiosks represent an extension of Franciscan Virtual Urgent Care, a Web- and telephone-based telemedicine service to treat many common emergent conditions for a flat fee of $35.
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
The bankruptcy trustee is now accepting offers for HealthSpot's assets, including 191 telemedicine kiosks, most of which have never been used.
How quickly things can change from promise to disappointment in healthcare innovation.
HealthSpot listed assets of $5.2 million and liabilities of $23.3 million, and only generated $1.1 million in revenues over three years.
So far, attempts to reach HealthSpot CEO Steve Cashman have been unsuccessful, so we haven't heard the company's explanation for why it failed. It's left to others to speculate.
Two of the Dublin, Ohio-based vendor's most prominent partners confirmed to MedCity News on Tuesday that they were no longer working with HealthSpot.
The partnership represents Reno, Nev.-based CSI's first dealings with a consumer-facing, on-call physician service.