Parts of insolvent billing service provider AvP are taken over by ARZ Haan subsidiary
In mid-September, billing service provider AvP Deutschland GmbH, advised by Heuking had filed for insolvency at Düsseldorf Local Court, which appointed Dr. Jan-Philipp Hoos as provisional insolvency administrator.
At the end of September, additional companies of AvP group, AvP Dienstleistung GmbH and holding company AvP Service AG, filed for insolvency.
AvP Deutschland GmbH is now reporting an initial very quick partial success that will allow it to maintain one of the billing divisions: RZH Rechenzentrum für Heilberufe, a data processing center and subsidiary of ARZ Haan, is taking over the billing business with other service providers in the area of medical aids prescriptions, which primarily include medical supply stores, with the approval of the insolvency court and AvP’s preliminary creditors’ committee. Heuking advised AvP on the assumption of the business operations with a team led by Dr. Johan Schneider. The buyer is to take over up to 35 jobs while efforts to find investor solutions for AvP’s other billing divisions are continuing.
Counsel to AvP Deutschland GmbH
Heuking Kühn Lüer Wojtek:
Dr. Johan Schneider (Lead, Restructuring), Hamburg
David Loszynski (Restructuring), Hamburg
Dr. Hans Markus Wulf (IT/Data Protection), Hamburg