Make us your home page
Instagram

Hundreds bid in auction to liquidate Universal Health Care Group

ST. PETERSBURG — Hundreds of bidders participated both online and in person at Universal Health Care's headquarters as auctioneer Eric Rubin began to liquidate the property of the former insurer.

The St. Petersburg Medicare insurer wound up in bankruptcy court last winter after state regulators deemed Universal nearly insolvent and accused executives of financial mismanagement — including fraud and diversion of funds.

Thousands of items are up for bid in the two-day auction at 100 Central Ave. in St. Petersburg. Proceeds will help pay Universal's creditors, owed more than $50 million.

All the artwork in the building, including custom artwork, hand-blown glass plates and sculptures and an enormous portrait of Gandhi will be auctioned when the event continues on Wednesday at 10 a.m. The preview begins at 9 a.m.

Hundreds bid in auction to liquidate Universal Health Care Group 09/24/13 [Last modified: Tuesday, September 24, 2013 5:36pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Equifax CEO Richard Smith steps down amid hacking scandal

    Personal Finance

    The chief executive of Equifax, the troubled credit reporting agency that suffered a massive data breach that affected as many as 143 million people, will retire, effective Tuesday, according to a statement by the company.

    Richard Smith, chief executive of Equifax, the troubled credit reporting agency that suffered a massive data breach that affected as many as 143 million people, will reportedly retire effective Tuesday.
[File photo: Joey Ivansco/Atlanta Journal-Constitution via AP]
  2. Bass Pro acquires Cabela's for $4 billion

    Retail

    Bass Pro Shops has acquired competitor Cabela's for a reported $4 billion. Bass Pro indicated it is seeking to appeal to all "outdoor enthusiasts" with the move, roping in hunting customers from Cabela's.

    Bass Pro Shops acquired Cabela's for $4 billion, Bass Pro announced Tuesday. | [JAMES BORCHUCK | Times]
  3. Tampa International named among least expensive airports

    News

    TAMPA — Florida airports apparently have a knack for getting it done cheaply.

    According to RewardExpert, Tampa International Airport is the fifth least expensive domestic airport. 
[CHARLIE KAIJO   |   Times
 file photo]

  4. Tampa-based vXchnge secures $200M loan to expand operations

    Corporate

    TAMPA — Tampa-based vXchnge, which operates data centers in 14 metro areas, has secured a loan for roughly $200 million for "major expansions and enhancements."

    Tampa-based vXchnge, a data center provider, secured a $200 million loan. Pictured is CEO Keith Olsen. | [Courtesy of vXchnge]
  5. Allegiant flight makes emergency landing in California after smoke fills cabin

    Airlines

    FRESNO, Calif. — Smoke filled the cabin of an Allegiant Air jet after it landed at a California airport on Monday, forcing coughing passengers to cover their faces with shirts and firefighters to board the plane, authorities said.

    This frame from mobile phone video shows smoke inside an Allegiant Air jet after it landed at Fresno Yosemite International Airport in California's Central Valley, Monday, Sept. 25, 2017. Smoke filled the cabin of an Allegiant Air jet after it landed at the airport on Monday, forcing coughing passengers to cover their faces with shirts and firefighters to board the plane, authorities said. Allegiant said no passengers or any of the six crew members were injured. [Estevan Moreno via AP]