Adaptive Video files for liquidation
Systems connectivity developer Adaptive Video has filed for Chapter7 bankruptcy in a federal court in Santa Rosa, CA, according toStephen O'Neill, an attorney for the Novato, CA, vendor. The company'soperations have ceased and its backers are pursuing a
Systems connectivity developer Adaptive Video has filed for Chapter7 bankruptcy in a federal court in Santa Rosa, CA, according toStephen O'Neill, an attorney for the Novato, CA, vendor. The company'soperations have ceased and its backers are pursuing a plan tosell the rights to its technology to mobile mammography firm TexasMobile Health.
Adaptive Video announced in February that it was in the processof being merged with Texas Mobile Health (SCAN 2/14/96). But thatdeal fell through, and Adaptive Video's venture capital backersdecided to put the company into Chapter 7 liquidation.
Texas Mobile Health is still interested in Adaptive Video'stechnology, however, according to Texas Mobile Health presidentChelette Baker. The Houston company is planning to form a newholding company, Basic Solutions International, that will includeTexas Mobile Health and a new company to be formed to market AdaptiveVideo's technology.
"We are still in the process of doing the same thing,(but) it's coming through a different legal route," Bakersaid. "We will utilize (Adaptive Video) technology in someof the mobile work we are doing. We will also set up somethingunder Basic Solutions for the teleradiology and telemedicine technology."