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CCS Medical Wins Approval from Bankruptcy Court for Its Chapter 11 Asset Sale Bidding Procedures
Date:12/1/2009

CLEARWATER, Fla., Dec. 1 /PRNewswire/ -- CCS Medical, Inc. a leading direct-to-consumer provider of medical supplies, today announced that it has received approval from the United States Bankruptcy Court for District of Delaware (the "Court") for its bidding procedures in connection with the marketing and proposed sale of substantially all of its assets.

Pursuant to an Order dated November 24, 2009, the Court approved bidding procedures for the sale of substantially all of CCS Medical's assets. The bidding procedures, among other things, provide that interested parties are required to submit a letter of intent on or before January 11, 2010 at 11:59 p.m. (EST). The deadline for qualified parties to submit qualifying bids is February 8, 2010 at 4:00 p.m. (EST). If qualifying bids are received, an auction will take place on February 15, 2010, at the offices of the Company's legal counsel Willkie Farr & Gallagher LLP in New York. A hearing to approve the sale would then occur on February 17, 2010, which the Company expects would allow for a conclusion of its restructuring within the following weeks.

About CCS Medical

Founded in 1994, CCS Medical has become a leading provider of medical supplies. CCS Medical assists patients that need diabetes test strips, insulin pumps, urological supplies, ostomy supplies, advanced wound care dressings and prescription drugs. CCS Medical specializes in providing a convenient way for patients to receive supplies for their chronic illnesses in a manner that saves them time and money.

As a leader in the medical supply community, CCS Medical has a commitment to the mission statement of being the leading provider of products and services to the home chronic care marketplace.

The Company maintains a solid reputation among patients and healthcare professionals, and has developed strong relationships and select co-marketing agreements with a number of the
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SOURCE CCS Medical, Inc.
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