Development Specialists, Inc.:

Company Snapshot: Cogent is a multi-specialty medical provider company focused on supplying turn-key teams comprised of medical professionals specializing in hospital medicine, telemedicine, and post-acute coverage to hospitals and other facilities based in Northern and Southern Florida. Cogent delivers services at over a dozen locations in Duval and Broward counties.

Opportunity Overview: On July 19, 2024, Cogent commenced an Assignment for the Benefit of Creditors in Broward County, Florida. All of Cogent’s assets have been transferred to the Assignee, Joseph J. Luzinski. The Assignee is soliciting interested parties to bid on and purchase the company’s assets including contracts with various healthcare organizations in the North and South Florida areas. This is an opportunity for strategic operators seeking to expand service offerings into Florida.

Assets for Sale: Assignment of certain Virtual Care Partnership Agreements, Hospital Service Agreements, and commercial and governmental Payor Contracts serviced by Cogent, as well as Cogent Employment Agreements

Sale Process and Timeline: The Assignee is currently soliciting interest for the assets of Cogent. Interested parties may contact McKenna Novack or Conrad Grygoriew to receive the NDA for additional information and access to the virtual data room.

About DSI: DSI is one of the leading providers of management consulting and financial advisory services, including turnaround consulting, financial restructuring, litigation support, fiduciary services, and forensic accounting. Our clients include business owners, private-equity investors, corporate boards, financial institutions, secured lenders, bondholders, and unsecured creditors. For over 45 years, DSI has been guided by a single objective: maximizing value for all stakeholders.

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