In re Caribbean Medical Testing Center, Inc. (Bankr. D. Puerto Rico) Case no. 11-06124

Caribbean Medical Testing Center, Inc. recently filed for Chapter 11 bankruptcy and, although no sale has been announced, the Debtor’s assets may be available for acquisition under the right circumstances.  The Debtor operates a medical laboratory business. The Debtor owns a commercial zoned property located at 281-B Clemson Street, University Gardens in San Juan, Puerto Rico, valued by the Debtor at $300,000 and a commercial office building with land located at the intersection of Clemson and Notre Dame Streets, University Gardens in San Juan, Puerto Rico, valued by the Debtor at $920,000. The Debtor’s personal property consists of security deposits valued by the Debtor at $1,500; accounts receivable booked by the Debtor at $1.1 million; vehicles valued by the Debtor at $99,000; and office equipment valued by the Debtor at $19,500. The Debtor’s estimated gross income for 2009 was $7.9 million; for 2010 it was $5.1 million; and for 2011 to date it is $2.7 million.