The records are not assets per se, but the patient list is an asset, because it can be sold to another practice, which would produce a revenue stream. There are, however, limitations to whom the records can be transfered, i.e., to a health care provider that:
- is in the vicinity of the health care business that is closing;
- provides patients with substantially similar services to those provided by the closing health care business; and
- maintains a reasonable quality of care. 11 USC § 704 (a)(12).
These factors can limit the asset value of the records/patient list, because if no viable provider can be found, who is willing to accept the patients, then the records would be rendered worthless from a pure asset standpoint.
Hope this helps.
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