PUBLIC NOTICE OF BANKRUPTCY SALE: Phillips Total Care Pharmacy, Inc.

PHILLIPS TOTAL CARE PHARMACY, INC. BANKRUPTCY SALE
October 9, 2026

PUBLIC NOTICE is hereby given that Phillips Total Care Pharmacy, Inc. (“Company”) will offer a 100% shareholder interest in the Company for sale at auction on Thursday, October 9, 2026, at 9:00 a.m. Central Time.

I. AUCTION PROCEDURES

Qualified Bidder Requirements. Anyone may submit a competing bid and participate in the auction, provided they first become a qualified bidder (“Qualified Bidder”). The requirements to become a Qualified Bidder shall include:

1. Execution of a non-disclosure agreement to protect the confidentiality of information provided by the Company for the purpose of bidder diligence;
2. A legally binding commitment to assume and ensure that the reorganized debtor complies with all the obligations set forth in the confirmed plan;
3. A demonstration to the reasonable satisfaction of the Company of the bidder’s financial wherewithal to close on a purchase of the New Equity for a minimum bid of $25,000; and
4. A cash deposit in the amount of twenty percent (20%) of the bid’s proposed purchase price to a non-interest bearing escrow account of the Company’s counsel (the “Cash Deposit”).
5. The current owner of the Company is deemed to be a Qualified Bidder.

Qualified Bidder Deadline. The deadline for a purchaser to become a Qualified Bidder is September 25, 2026 (“Qualified Bidder Deadline”), in order to permit diligence by any such party interested in participating in the Auction. Interested parties who wish to become Qualified Bidders shall have until the Qualified Bidder Deadline to review the disclosure statement, proposed plan of reorganization, Schedules, Statement of Financial Affairs, and Monthly Operating Reports.

To become a qualified bidder, sign and return the attached nondisclosure agreement to the Company’s counsel:

Richman & Richman LLC
Attorney Claire Ann Richman
122 W Washington Ave., Suite 850
Madison, WI 53703
[email protected]

Conduct of Auction. If there are other Qualified Bidders, other than the current owner of the Company, then the Company shall conduct a live auction (in person and via Zoom) of the New Equity at the offices of its counsel, Richman & Richman LLC, at 122 West Washington Avenue, Suite 850, Madison, WI 53703. The auction shall occur on October 9, 2026, at 9:00 a.m. Central Time. The first bid of a Qualified Bidder, other than the current owner of the Company shall be at least $25,000. Thereafter, bids must exceed prior bids by at least $5,000.

Highest and Best Bid. Bids shall be in cash only, and the New Equity will be sold only in its entirety to a sole bidder. The highest and best bid shall be the bid of a Qualified Bidder that is the highest at the end of the Auction. At the conclusion of the Auction, the Company, subject to the Bankruptcy Court’s approval, shall determine (i) which bid constitutes the highest or best offer (the “Winning Bid”); and (ii) the next highest or best bid (the “Back-Up Bid”).

For the Auction and Equity Sale Bidding Procedures approved by the Bankruptcy Court for the Western District of Wisconsin, prospective Qualified Bidders may email the contact for the Company’s counsel provided herein.