Center for Autism & Related Disorders, LLC. – CARD® Enters into Asset Purchase Agreement with Pantogran LLC, led by Dr. Doreen Granpeesheh
HENDERSON, N.V., June 11, 2023 (GLOBE NEWSWIRE) -- Center for Autism and Related Disorders (CARD®; centerforautism.com), today announced that the company has entered into an asset purchase agreement (“the APA”) with Pantogran LLC, led by Dr. Doreen Granpeesheh, founder and former CEO of CARD, pursuant to which Pantogran LLC will acquire substantially all of CARD’s assets. Under the terms of the APA, Pantogran LLC will serve as the “stalking horse bidder” in a court-supervised auction process. The company expects to move through this process on an expedited basis and complete the transaction within 60 days.
- Under the terms of the APA, Pantogran LLC will serve as the “stalking horse bidder” in a court-supervised auction process.
- The company expects to move through this process on an expedited basis and complete the transaction within 60 days.
- Granpeesheh's interest in pursuing this transaction is a testament to the value of our centers, our team, and the services we provide.
- CARD will operate in the ordinary course throughout the process and remains focused on providing care to patients and working with suppliers as normal.