Bankrupt Universal Healthcare Properties for Sale

Universal Healthcare's 134,000-square-foot office building and high-rise condominium unit in St. Petersburg will be sold.

The Tampa Bay Business Journal reports that the Florida Department of Financial Services retained Colliers International Tampa Bay to list the properties.

The company is in receivership and is being liquidated by the Department of Financial Services.

The Central Avenue office building has been vacant since Universal Healthcare was shut down by regulators and its employees laid off.

The company is under investigation by state and federal authorities, accused of  money mismanagement and diversion of funds. Its 140,000 policy holders were transferred to other health care companies.

The luxury condo for sale is located at Signature Place.

For more coverage on Universal Healthcare, see:

FBI Raids Universal Healthcare's Downtown Offices

800 Universal Health Care Workers to Lose Jobs

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