October 31, 2018 – Oak Point Partners acquired the remnant assets of the Devon Health Services, Inc. Bankruptcy Estate (Devon Health Svcs) in October 2018. On November 22, 2013, Devon Health Svcs filed a voluntary petition under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Eastern District of Pennsylvania, assigned Case No. 13-20219. On December 21, 2016, the Court entered an order confirming the Plan of Liquidation Proposed by Debtor and Debtor-In-Possession Devon Health Svcs, pursuant to which the Liquidation Agent was appointed and vested with the power and duty to administer the assets of the Debtor.
About Devon Health Services, Inc.
Devon Health Svcs operated a Preferred Provider Organization (“PPO”), a subscription-based medical care arrangement. The company was a leader in the managed care marketplace and provided healthcare cost-management solutions and guidance to customers.
Devon Health Svcs also operated under the trade name Americare Health Services, Inc.
The former headquarters of Devon Health Svcs was located in King of Prussia, PA.