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UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF FLORIDA

Ft. Lauderdale Division

In re:

PATH MEDICAL LLC, Case No. 21-18338-SMG

Chapter 11

Debtor.

/

CHAPTER 11 CASE MANAGEMENT SUMMARY

In compliance with Local Rule 2081-1(B), the Debtor-in-Possession, Path Medical, 

LLC (the “Debtor”), files this Chapter 11 Case Management Summary and states:

The following data represents approximations for background information only 

and the information representsthe Debtor's best estimate in response to some ofthe ensuing 

questions as of July 31, 2021. Debtor is diligently working to prepare financial information 

as of the petition date and same will be reflected in Debtor’s schedules and statement of 

financial affairs. 

1. Date of Order for Relief under chapter 11 (filing date of petition if voluntary

chapter 11 petition): August 28, 2021

2. Names, case numbers and dates of filing of related debtors: Path Medical Center 

Holdings, Inc., Case No. 21-18339-SMG.

3. Description of debtor's business: 

Path is in the business of providing acute trauma treatment and diagnostic imaging services 

to medical patients. Path is a multi-disciplinary medical practice consisting of more than 

two-dozen offices throughout the state of Florida.

All of Path’s health care centers are “Joint Commission accredited”, which means the 

nation’s oldest and largest standards-setting and accrediting body in the health care industry 

determined that Path meets the highest standards by which health care organizations are 

evaluated in the United States. This is unique in Path’s industry.

Path serves is medical patients through a combination of leased employees and 

independently contracted treating physicians. The employees are leased from its parent 

company, Path Medical Center Holdings, Inc. The treating physicians are all independent 

contractors. 

4. Locations of debtor’s operations and whether the business premises are leased

or owned: 

South Florida 

Case 21-18338-SMG Doc 16 Filed 08/31/21 Page 1 of 11
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Location Name and Physical Address Leased or Owned 

Path Medical Center-Admin

2304 (Suites A, B and 2314) West Oakland 

Park Blvd.

Ft. Lauderdale, FL 33311

Leased 

Path Medical-Admin (400 N. Pine Is.)

400 N. Pines Island Rd.

Plantation, FL 33324

Leased

Path Medical-Margate/Coral Springs

318 S. State Road 7

Margate, FL 33068

Leased

Path Medical-MRI Hallandale

1016 W Hallandale Beach Blvd

Hallandale Beach, FL 33009

Leased

Path Medical-Broward

2659 West Oakland Park Boulevard

Ft. Lauderdale, FL 33311

Leased

Path Medical-Aventura

18999 Biscayne Blvd. Ste 201

Aventura, FL 33180 

Leased

Path Medical-North Miami/North Miami 

Beach

13210 Biscayne Blvd.

North Miami, FL 33181

(Suites 13210, 13220, 13230)

Leased

Path Medical-Pines

14818 Pines Blvd.

Pembroke Pines, FL 33027

Leased

Path Medical-Dade

17560 N.W. 27 Avenue, 

Suites 114-118

Miami, FL 33056

Leased

Path Medical-Hollywood

2544 N. State Road 7

Hollywood, FL 33021

Leased

Path Medical-Admin.

2300 Glades Road 

Suite 200E

Boca Raton, Florida

Leased

Path Medical-MRI Tamarac

4001 W Commercial Boulevard, Tamarac, 

Florida, 33319 (6-B)

Leased

Path Medical-Pompano

601 East Sample Rd.

Ste. 102 & 109

Leased

Case 21-18338-SMG Doc 16 Filed 08/31/21 Page 2 of 11
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Deerfield Beach, FL 33064

Path Medical-MRI and Rehab

2900 North Military Trail

Ste. 120

Boca Raton, FL 33431

Leased

Path Medical-Palm Beach Lakes

2001 Palm Beach Lakes Blvd. 

Suite 101 

Palm Beach, FL 33409

Leased

Path Medical-MRI PBL

2001 Palm Beach Lakes Blvd., Suite # 100

West Palm Beach, Florida, 33409, Office 

Leased

Path Medical-Cutler Bay

11285 SW 211 Street

Suite 302

Miami, FL 33189

Leased

Tampa 

Location Name and Physical Address Leased or Owned

Path Medical-South Tampa

1369 Providence Road

Brandon, FL 33511

Leased

Injury Centers of Lakeland

809 S. Florida Avenue

Lakeland, FL 33803

Leased

Injury Centers of St. Pete

3140 34th Street North

St. Pete, FL 33713

Leased

Injury Centers of Central Tampa

4700 North Habana Ave., Ste. 100

Tampa, FL 33614

Leased

Injury Centers of North Tampa, LLC

14824 North Florida Ave., Ste. A

Tampa, FL 33613

Leased

Path Medical-Bradenton

6060 and 6080 26th Street West,

Bradenton, FL 34207

Leased

Path Medical-New Port Richey

8813 River Crossing Boulevard 

New Port Richey, FL 34655

Leased

Orlando Lease Summaries

Case 21-18338-SMG Doc 16 Filed 08/31/21 Page 3 of 11
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Location Name and Physical Address Leased or Owned

Path Medical-APEX 

6148 Hanging Moss Road

Suite 100

Orlando, FL 32807

Leased

Path Medical-OBT

6220 South Orange Blossom Trail Ste. 606

Orlando, FL 32809

Leased

Path Medical-Kissimmee

1040 E. Osceola Pkwy

Kissimmee, FL 34744

Leased

Path Medical-Longwood

851 East State Road 434

Suite 120-126

Longwood, FL 32750

Leased

Path Medical-Deltona 

104 Treemonte Drive, Ste. 100

Orange City, FL 32763

Leased

Path Medical-East

10967 Lake Underhill Road, Ste. 120

Orlando, FL 32825

Leased

Path Medical-Haines City

131 Patterson Road, Haines City, FL 33844

Leased

5. Reasons for filing chapter 11: Due to, among other things, debt structure and cash 

flow issues prompted by, among other things, the Covid-19 pandemic, and certain litigation 

with one of the Debtor’s revenue sources, the Debtor sought bankruptcy protection to 

restructure its debts, pay legitimate claims consistent with the Bankruptcy Code, and 

reorganize its financial affairs for the benefit of all constituencies. 

6. List of officers and directors, if applicable, and their salaries and benefits at the 

time of filing and during the 1 year prior to filing:

Name Position Salary Benefits

Manuel Fernandez CEO $400,000 Among other things, potential 

bonus, vacation/holiday leave, 

health/dental/life and disability 

insurance programs as 

available

Melissa Fiacco COO $300,000 Among other things, potential 

bonus, vacation/holiday leave, 

health/dental/life and disability 

insurance programs as 

available

Robin Brooks CFO $300,000 Among other things, potential 

Case 21-18338-SMG Doc 16 Filed 08/31/21 Page 4 of 11
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bonus, vacation/holiday leave, 

health/dental/life and disability 

insurance programs as 

available

7. Debtor's fiscal or calendar year to date gross income and the debtor's gross income 

for the calendar or fiscal year prior to the filing of this petition:

Year Gross Income

January – December, 2020 Approximately $45,711,000.00

Year-to-date 2021 Approximately $30,127,000.00 

(estimated through August 2021)

8. Amounts owed to various creditors:

a. Obligations owed to priority creditors including priority tax 

obligations:

At this time, the Debtor believes its priority tax obligations in 

the form of sales and other tax were current

b. With respect to creditors holding secured claims, the name of and

amounts owed to such creditors and a description and estimated value

of all collateral of the debtor securing their claims, 

Secured Creditor Name Estimated Claim

Amount

Approximate Collateral 

Value

Alpine Funding LLC $ 134,944.82 $ 40,618.66 

Comvest Capital III, L.P $ 15,355,671.62 $ 4,622,088.15 

Medley Credit Strategies 

KOC LLC $ 3,071,134.35 $ 924,417.64 

Medley Opportunity 

Fund III LP $ 7,736,494.50 $ 2,328,700.46 

Northport TRS, LLC $ 15,355,671.62 $ 4,622,088.15 

PhenixFIN Corporation $ 15,112,744.95 $ 4,548,966.73 

Sierra Income 

Corporation $ 20,011,697.38 $ 6,023,561.30 

c. Amount of unsecured claims:

General unsecured claims are in the approximate amount of 

$9,716,355.

9. General description and approximate value of the debtor's assets:

Case 21-18338-SMG Doc 16 Filed 08/31/21 Page 5 of 11
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The Debtor holds accounts receivable in the approximate amount of $23.14M and 

personal property, including medical equipment, diagnostic equipment, fixtures, 

office furniture, cash, and other assets in the approximate amount of $5.9M. 

10. List of all insurance policies, the property covered under the policy, the name of the 

insurer, the policy number, amount of coverage, whetherthe premiumis current, the 

date the next premium is due and date the policy expires: See attached Exhibit “A”

11. Number of employees and amounts of wages owed as of petition date:

Debtor engages Path Medical Center Holdings, Inc. (“Holdings”) as an employee leasing 

company. Approximately 281 people are employed by Holdings that work for the Debtor. 

Prepetition accrued amounts owed to Holdings to pay the staff is in the approximate amount 

of $373,000, which the Debtor will seek immediate relief to pay as critical to the operations 

of the Debtor. 

12. Status of debtor's payroll and sales tax obligations, if applicable. This does

not eliminate the obligation of chapter 11 debtors (other than individuals not engaged in 

business) to provide the more detailed payroll tax information required by Local Rule 

2081-1(A): as of the petition date, the Debtor was current on payroll and sales tax 

obligations. 

13. Anticipated emergency relief to be requested within 14 days from the petition

date:

Ø Application to employ Edelboim Lieberman Revah PLLC as general 

bankruptcy counsel

Ø Application to employ Davis Goldman, PLLC as litigation and outside 

corporate counsel

Ø Application to Employ Barry Mukamal and Kapila Mukamal PA as 

financial advisor

Ø Application to employ Foley & Lardner LLP as special litigation counsel

Ø Application to employ Hinshaw & Culbertson LLP as labor and 

employment counsel and ESOP counsel

Ø Motion for use of Cash Collateral

Ø Motion to continue cash management system and maintain prepetition 

bank account

Ø Motion to waive patient care ombudsman

Ø Motion to employ/retain key employees

Ø Motion to pay critical vendors

Case 21-18338-SMG Doc 16 Filed 08/31/21 Page 6 of 11
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Ø Motion to pay pre-petition wages and taxes

Ø Motion for joint administration

/s/ Manny Fernandez 

 Manny Fernandez

(Name of Corporate Officer or Authorized

Representative)

/s/ Brett D. Lieberman

 Brett D. Lieberman, FB No. 69583

Name and Address of Debtor’s Attorney 20200 W. Dixie Highway, Suite 905, Miami, FL 33180

Attach or file separately a Local Rule 2002-1(F) certificate of service reflecting manner

and date of service on all affected parties.

Case 21-18338-SMG Doc 16 Filed 08/31/21 Page 7 of 11
Path Medical Center Holdings, Inc.

Schedule of Insurance - 2020 to 2021

Coverage Limits of Liability / Deductibles Carrier Policy # Policy Term

Commercial Package (General Liability & Property)

General Liability Hartford Insurance 21 UUN DF7319 9/30/20 $28,971.35 GL

General Aggregate (Other Than Products Completed Operations) $2,000,000 Company of the to $127.00 EBL

Personal / Advertising Injury $1,000,000 Southeast 9/30/21 $288.00 TRIA

Each Occurrence $1,000,000 $0.00 Taxes/Assess.

Medical Expenses - Any One Person $10,000 $29,386.35 Total

Damage to Premises Rented to You $1,000,000

Employee Benefits Liability $1,000,000 Each Employee / Aggregate All Claims

Deductible $1,000

GL Class Code - 66561 - Medical Offices

Exposure - Square Feet

Includes Extension Endorsment

Property

Business Personal Property $7,397,885 Hartford Fire $81,358.00 Annual Premium

Business Income Including Extra Expense $5,900,200 Insurance Company $834.00 TRIA

35 locations - TIV $13,298,085 $84.44 Taxes/Assess.

$82,276.44 Total

All Coverage Deductible Except Named Storm (AOP Ded)$5,000

Windstorm/Hail Deductible $5,000

Named Storm Deductible 5% or 10% Varies by Location

Time Element 72 Hours

Includes:

Healthcare Facilities Properties Extension 

Additional Coverage Basket - Each Location

Real Estate Firms Property Extension

AOP Deductible: $5,000

Business Auto

Combined Single Limit - Symbol 1 $1,000,000 Trumbull Insurance 21 UEN DF9135 9/30/20 $7,314.00 Annual Premium

Uninsured/Underinsured Motorists - Symbol 2 $1,000,000 Company to $0.00 Taxes/Assess.

Auto Medical Payments - Symbol 2 $5,000 9/30/21 $7,314.00 Total

Statutory Personal Injury Protection - Symbol 5

Includes Hired Car Liability and Physical Damage

Non Owned Exposure - # of Employees - 25

Number of Units at inception: 1

Comprehensive / Collision Deductibles: - Symbol 7, 8 $1,000 / $1,000 

Premium

Case 21-18338-SMG Doc 16 Filed 08/31/21 Page 8 of 11
Path Medical Center Holdings, Inc.

Schedule of Insurance - 2020 to 2021

Coverage Limits of Liability / Deductibles Carrier Policy # Policy Term Premium

Workers' Compensation

Workers Compensation: Statutory Twin City Fire 21 WE AH0AHK 9/30/20 $36,174.00 Annual Premium

Bodily Injury by Accident - Each Accident $1,000,000 Insurance Company to $1,325.00 Taxes/Assess.

Bodily Injury by Disease - Policy Limit $1,000,000 9/30/21 $37,499.00 Total

Bodily Injury by Disease - Each Employee $1,000,000

States: FL

Exposure - Payroll $13,254,000

Umbrella

General Aggregate $5,000,000 Hartford Casualty 21 XHU DF7766 9/30/20 $8,256.00 Annual Premium

Products / Completed Operations $5,000,000 Insurance Company to $83.00 TRIA

Each Occurrence $5,000,000 9/30/21 $8,339.00 Total

Crisis Management Expenses Aggregate $300,000

Key Employee Replacement Expenses Aggregate $100,000

Deductible: $10,000

Cyber Package

Liability Coverages: Berkley Assurance BCRS1-3000152 9/30/20 $14,368.00 Annual Premium

Data Securiy and Privacy $1,000,000 / $25,000 Company to $718.40 Surplus Taxes

Regulatory $1,000,000 / $25,000 9/30/21 $15,086.40 Total

Payment Card Industry (PCI) $1,000,000 / $25,000

Cyber Media $1,000,000 / $25,000

First Party Coverages:

Data Breach Response $1,000,000 / $25,000

Business Interruption Aggregate: $1,000,000

Business Interruption $1,000,000 / Extra Expense: $25,000 Income Loss: 8 hours

Contingent Business Interruption $1,000,000 / Extra Expense: $25,000 Income Loss: 8 hours

System Failure Business Interruption $1,000,000 / Extra Expense: $25,000 Income Loss: 8 hours

Reputation Risk $1,000,000 / Income Loss: 8 Hours

Ransomware Extortion $1,000,000 / $25,000

Cyber Crime $250,000 / $25,000

Social Engineering $250,000 / $25,000

Miscellaneous Medical Professional Liability

Specified Medical Professions Professional Liability $1,000,000 each claim Evanston SM937743 9/30/20 $154,500.00 Annual Premium

Claims Made Coverage $3,000,000 aggregate Insurance Co. to $7,725.00 Surplus Taxes

Retroactive Date 1/7/08 9/30/21 $162,225.00 Total

Deductible $5,000

Executive Risk Package - Primary - AIG $1.5M

Aggregate $3,000,000 National Union 13101736 7/30/21 $91,067.00 Annual Premium

Shared Limit of Liability - D&O, FIDU, EPL, $1,500,000 Fire Ins. Co. of to $0.00 Taxes/Assess.

Case 21-18338-SMG Doc 16 Filed 08/31/21 Page 9 of 11
Path Medical Center Holdings, Inc.

Schedule of Insurance - 2020 to 2021

Coverage Limits of Liability / Deductibles Carrier Policy # Policy Term Premium

 Crisis Fund, K&R Pittsburgh, PA. 12/31/21 $91,067.00 Total

Deductibles D&O / FIDU: $1,000,000 (AIG)

Deductible EPL: $150,000 1st Party / $250,000 3rd Party

Excess ERPK - Markel - $1.5M XS $1.5M

Shared Limit of Liability - D&O, Fiduciary, EPL $1,500,000 excess $1,500,000 Markel MKLM7MXM000030 7/30/21 $52,379.00 Annual Premium

Insurance Co. to $0.00 Taxes/Assess.

Underlying Limits 12/31/21 $52,379.00 Total

$1,500,000 National Union Fire Ins. Co.

Excess ERPK - ANV - $1.5M XS $3M

Shared Limit of Liability - D&O, Fiduciary, EPL $1,500,000 excess $3,000,000 Republic ANV130920A 7/30/21 $37,052.00 Annual Premium

Vanguard Ins. Co. to $3,719.10 Surplus Taxes

Underlying Limits (ANV) 12/31/21 $40,771.10 Total

$1,500,000 National Union Fire Ins. Co.

$1,500,000 Markel Insurance Company

Excess ERPK - Argonaut - $1.5M XS $4.5M

Shared Limit of Liability - D&O, Fiduciary $1,500,000 excess $4,500,000 Argonaut MLX4243826-1 7/30/21 $42,374.00 Annual Premium

Insurance Co. to $0.00 Taxes/Assess.

Underlying Limits 12/31/21 $42,374.00 Total

$1,500,000 National Union Fire Ins. Co.

$1,500,000 Markel Ins. Company

$1,500,000 Republic Vanguard Ins. Co.

Excess ERPK - Ironshore - $3M XS $6M

Shared Limit of Liability - D&O, Fiduciary $3,000,000 excess $6,000,000 Ironshore DO6NABZXOW001 7/30/21 $45,000.00 Annual Premium

 Indemnity Inc. to $0.00 Taxes/Assess.

Underlying Limits 12/31/21 $45,000.00 Total

$1,500,000 National Union Fire Ins. Co.

$1,500,000 Markel Ins. Company

$1,500,000 Republic Vanguard Ins. Co.

$1,500,000 Argonaut Ins. Co.

Excess DIC Side A Only Executive Advantage

D&O $1,000,000 excess of $9,000,000 Liberty Surplus DO5ATABSKSF002 7/30/21 $150,000.00 Annual Premium

Excess of $9M or Drop Down if Difference in Conditions Insurance Corp. to $6,578.00 Surplus Taxes

Underlying Limits 12/31/21 $156,578.00 Total

$1,500,000 National Union Fire Ins. Co.

$1,500,000 Markel Ins. Company

$1,500,000 Republic Vanguard Ins. Co.

$1,500,000 Argonaut Ins. Co.

$3,000,000 Ironshore Indemnity Ins. Co.

Case 21-18338-SMG Doc 16 Filed 08/31/21 Page 10 of 11
Path Medical Center Holdings, Inc.

Schedule of Insurance - 2020 to 2021

Coverage Limits of Liability / Deductibles Carrier Policy # Policy Term Premium

Crime

Employee Theft Coverage $1,000,000 Federal 8258-2652 5/1/20 $8,875.00 Annual Premium

Premises Covoerage $1,000,000 Insurance Co. to $0.00 Taxes/Assess.

In Transit Coverage $1,000,000 5/1/21 $8,875.00 Total

Forgery Coverage $1,000,000

Computer Fraud Coverage $1,000,000

Funds Transfer Fraud Coverage $1,000,000

Money Orders & Counterfeit Currency Fraud Coverage $1,000,000

Credit Card Fraud Coverage $1,000,000

Client Coverage $1,000,000

Expense Coverage $1,000,000

Social Engineering Fraud Coverage Endorsement $50,000

Deductibles: $50,000

Total Premium (including taxes/fees) $779,170.29

Case 21-18338-SMG Doc 16 Filed 08/31/21 Page 11 of 11