Neuragenex Treatment Centers gets interim access to cash collateral

By Sarah Lizee

Olympia, Wash., Feb. 1 – Neuragenex Treatment Centers, LLC received interim approval to access cash collateral, according to an order filed Thursday with the U.S. Bankruptcy Court for the District of Arizona.

The company’s cash collateral motion was approved on an interim basis through Feb. 13.

As adequate protection for debtor’s use of cash collateral, SARC USA, Inc., Frontline Cyber Solutions Corp., Healthcare Information Services, LLC, United Growth Capital Management, LLC, Millrock Investment Fund 1, LLC and Mark Machlis were granted replacement liens against all property of the debtor, including accounts receivable, equipment and inventory and any and all proceeds generated from those in the same priority as their prepetition liens.

The Mesa, Ariz.-based company owns and operates medical pain treatment centers in several states. The company filed bankruptcy on Jan. 26 under Chapter 11 case number 24-00631.

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