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PUBLIC NOTICE OF UCC ARTICLE 9 SALE: MPI Group, LLC

Notice of Disposition and Public Sale of Secured Party’s Collateral Pursuant to Utah Code§ 70A-9a-610 and Cal. U. Com. Code§ 9610

Date: October 9, 2025

To:
MPI Group, LLC
1525 W 2960 S
Nibley, UT 84321
From:
Healthcare Co. Ltd.
999 Gaonan Road
Dingyan, Rugao City
Jiangsu Province, China 226521

By: Dorsey & Whitney LLP, Steven T. Waterman:111 S. Main St., Ste 2100, Salt Lake City, UT 84111


Events of Default have occurred and are continuing under obligations owed by the Debtor (defined below) to the Secured Party (defined below). The amount owing as of September 30, 2025, is$ 42,600,000.00 in principal, plus interest in the amount of $48,720,394.52, as of September 30, 2025, plus attorneys’ fees and costs.

Name of Debtor: MPI Group, LLC
Debtor’s Addresses: 1525 West 2960 South Nibley, UT 84321

Name of Secured Party: Healthcare Co. Ltd.
Secured Party’s Address: 999 Gaonan Road Dingyan, Rugao City Jiangsu Province, China 226521

Collateral that is the subject of the intended Public Sale or disposition All of the right, title, and interests of MPI Group, LLC, including membership or other equity interests, in MPI Delano SPE, LLC, a Delaware limited liability company, a wholly owned subsidiary of MPI Group, LLC (the “Pledged Equity Interests” or “Collateral”).

[Debtor has represented that MPI Delano SPE, LLC, is the sole owner of certain real property located at 1700 Schuster Road, Delano, California.]

Pursuant to Utah Code§ 70A-9a-610 and Cal. U. Com. Code§ 9610, the Collateral will be sold to the highest bidder at a public auction to be held at the offices of Dorsey & Whitney LLP, 111
S. Main St., Salt Lake City, UT 84111, on December 2, 2025, beginning at 10:00 a.m. prevailing Mountain Time, or at the date and time as may be continued and announced at that time.

Neither the Secured Party nor its agent is purporting to sell any interest in any asset that is (i) not owned by the Debtor; or (ii) not subject to a perfected lien in favor of Secured Party. The Collateral secures the repayment of the indebtedness of the Debtor to the Secured Party.
Obligors may be entitled to an accounting of the unpaid indebtedness secured by the Collateral that the Secured Party intends to sell. You may request an accounting by contacting the Secured Party’s representative at Dorsey & Whitney LLP, Steven T. Waterman, at 801-933-7360, or by email at [email protected].

THE COLLATERAL WILL BE ACCEPTED ON AN “AS-IS, WHERE-IS, IF-IS” BASIS, WITHOUT RECOURSE, REPRESENTATION OR WARRANTY (INCLUDING, WITHOUT LIMITATION, WITH RESPECT TO TITLE, POSSESSION, QUIET ENJOYMENT OR THE LIKE), WHETHER EXPRESS OR IMPLIED, OF ANY KIND.

Sincerely,

Healthcare Co. Ltd. By its Attorneys
Dorsey & Whitney LLP

/Name:Steven T. Waterman Title: Partner
111 S. Main St., Ste 2100 Salt Lake City, UT 84111

 

 

 

 

 

 

 

 

 

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DailyDAC™ is the internet's oldest, most trusted, and most widely used provider of public notices of asset sales and case commencements, and other important notices involving companies in financial distress in the United States and Canada. DailyDAC™ public notices are used by bankruptcy trustees, chapter 11 debtors in possession, federal and state court receivers, assignees for the benefit of creditors, auctioneers, and secured parties disposing of their collateral under the Uniform Commercial Code or other state law trust (and their respective auction firms, law firms, and other agents). Learn more.

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