Avante, which refurbishes and repairs medical equipment, filed for Chapter 11 bankruptcy protection on Oct. 8 in Delaware. It has agreed to sell most of its assets to Staple Street Capital, an affiliate of a New York-based private equity firm.
Staple Street is expected to close the deal before the end of the year, if it receives court approval next month.
Ana Rodarte, Avante’s vice president of human resources, said in an Oct. 8 letter filed with the EDD that it anticipates Staple Street would extend offers of employment to “substantially all employees” of Avante’s workforce.
In the “unlikely event” that Avante can’t reach an agreement with Staple Street or another company making a similar offer, Rodarte wrote, “the entire San Clemente facility will be closed.”
The Avante jobs affected by the bankruptcy sale cover a broad swath of positions including CEO and President Jim Leitl, accountants, soldering technicians, logisticians, procurement officers, ultrasound technicians and vice presidents in charge of customer and commercial operations, quality assurance and sales.
https://www.ocregister.com/2024/10/16/avante-health-and-medtronic-eye-nearly-400-job-cuts-furloughs-in-orange-county/