SOURCE: Great American Group, Inc.

Great American Group, Inc.

September 21, 2010 16:36 ET

Great American Group®* to Conduct Online Auction for Assets of Shuttered Hospital in Springfield, Ohio

WOODLAND HILLS, CA--(Marketwire - September 21, 2010) -  Great American Group, Inc. (OTCBB: GAMR), a leading provider of asset disposition, valuation and appraisal services, today announced a complete disposition of all medical and support equipment assets of a now-closed Springfield, Ohio hospital.

Great American Group will conduct a public auction sale of the 100+ bed facility on behalf of Community Mercy Health Partners piece-by-piece in an online-only, timed sale event, with bidding open from September 23 through 28, 2010.

Having conducted complete asset dispositions and valuations for dozens of hospitals and clinics of all sizes over the last decade, Great American Group is uniquely positioned to perform this specialized sale. The asset management firm has garnered a wealth of experience and built a strong following of healthcare equipment buyers throughout the modernized world. 

"Good, used medical equipment is in demand everywhere, so it is not uncommon for us to see the healthcare assets we sell at auction redeployed on a global scale," commented Mark Weitz, President of Great American Group's Wholesale and Industrial Services. "When a hospital such as this closes, it results in a positive opportunity for other regional hospitals, clinics, and specialized healthcare facilities to expand or modernize their operations at an economical cost," Mr. Weitz continued.

A Great American Group online auction allows buyers to bid from their computer over the course of the timed sale event. Buyers who tender the highest bid on each item or lot offered will be awarded those items after the close of the auction. Inspection of all items will take place at 1343 N. Fountain Boulevard in Springfield, Ohio on Wednesday, September 22, or by appointment. Bidding will close on September 28, 2010.

About Great American Group®

Great American Group, Inc. is a leading provider of asset disposition solutions and valuation
and appraisal services to a wide range of retail, wholesale and industrial clients, as well as
lenders, capital providers, private equity investors and professional service firms. Great
American Group has offices in Atlanta, Boston, Chicago, Dallas, London, Los Angeles, New
York, and San Francisco. www.greatamerican.com

*Great American Group and the Eagle Design are trademarks registered in the US Patent and
Trademark Office and are exclusive property of Great American Group, Inc.

GAMR-G

Contact Information

  • Press Contact:
    Great American Group
    Laura Wayman
    Vice President of Marketing
    847-444-1400 ext. 2312
    Email Contact: Email Contact