MacKeyser court OKs $4.93 million sale of nine retail location assets

By Kali Hays

New York, Sept. 18 – MacKeyser Holdings, LLC received authorization to enter an asset purchase agreement with Emerging Vision, Inc., selling all of its rights and interests in its retail eye care business Eye Gallery for $4.93 million, according to a Thursday order with the U.S. Bankruptcy Court for the District of Delaware.

The assets include nine Eye Gallery locations in Georgia and Florida and the inventory, licenses and intellectual property associated with each.

As previously reported, MacKeyser intends to use the sale proceeds to pay all outstanding income tax, according to the purchase agreement,

The sale is set to close within three business days of the sale order.

MacKeyser held an auction for the sale of remaining physician location assets along with equipment and miscellaneous inventory associated with each on Aug. 26.

The company received court approval on five separate asset sales totaling $925,000 on Sept. 3.

Las Vegas-based MacKeyser Holdings and operating affiliates American Optical Services, LLC and Exela Hearing Services, LLC manage integrated eye care and hearing systems providers. The company filed for bankruptcy on June 20 under Chapter 11 case number 14-11550.

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