Post-confirmation Report Chapter 11 — Vyaire Medical, Inc., Quarter Ending Date 03/31/2025 (Doc 1064)
What This Document Is
This is the UST Form 11-PCR Post-Confirmation Report for Vyaire Medical, Inc. — the lead debtor in the jointly administered case — for the quarter ending March 31, 2025, filed April 21, 2025 at docket entry 1064. Unlike the many affiliate-entity 11-PCR reports in this docket that show zero post-confirmation activity, this report covers the lead estate and shows substantial disbursements and professional-fee activity.
Factual Summary
The report states total cash disbursements of $15,168,389 for the quarter and $20,289,420 cumulative since the November 27, 2024 Plan Effective Date, with no non-cash transfers. Preconfirmation professional fees and expenses approved cumulatively total $40,670,139, with $3,695,811 paid in the current quarter and $40,670,139 paid cumulatively; itemized by firm, the largest cumulative approved amounts are Kirkland & Ellis LLP ($12,292,457, co-counsel), AP Services, LLC ($11,511,316, financial professional), PJT Partners LP ($8,139,213, financial professional), Cole Schotz P.C. ($3,142,087, co-counsel), McDermott Will & Emery LLP ($2,240,734, other), Berkeley Research Group ($1,801,323, other), and BDO USA, P.C. ($1,505,330, other). Combined debtor-and-committee professional fees and expenses total $40,875,830 cumulative, with $3,766,832 paid in the current quarter. Recoveries under the confirmed Plan show administrative claims 100% paid ($20,226,436 of $20,226,436 allowed) and priority claims 100% paid ($62,984 of $62,984 allowed), while secured claims and general unsecured claims each show $0 paid against $0 allowed as of this report. The report answers "No" to whether this is a final report, and confirms the debtor is current on quarterly U.S. Trustee fees. It is signed by David Barse as Plan Administrator on April 18, 2025.
Key Facts
- Docket entry 1064, filed April 21, 2025; reporting period ending March 31, 2025.
- Total cash disbursements: $15,168,389 for the quarter; $20,289,420 cumulative since the November 27, 2024 Effective Date.
- Cumulative approved professional fees/expenses: $40,670,139 (debtor professionals) / $40,875,830 (debtor and committees combined).
- Largest fee recipients by cumulative approved amount: Kirkland & Ellis LLP ($12,292,457), AP Services, LLC ($11,511,316), PJT Partners LP ($8,139,213), Cole Schotz P.C. ($3,142,087).
- Administrative claims and priority claims both reported 100% paid ($20,226,436 and $62,984 respectively); general unsecured and secured claims show $0 paid.
- Not a final report; debtor current on U.S. Trustee quarterly fees.
Source Caveats
- The queue-stored canonical URL uses a 2021-12-01 date, matching the UST form's own revision date printed in its footer ("UST Form 11-PCR (12/01/2021)"), not this report's April 2025 filing period; this summary uses the docket's actual filing and reporting-period dates.
- Pages 3–6 of the itemized professional-fee schedule consist mostly of blank numbered list rows (roman numerals with no firm names or figures) between the populated entries reviewed; only firms with non-blank rows are itemized above.
- Pages 9–10 consist of unlabeled chart/table placeholders in the extracted text ("Page 1," "Bankruptcy Table 1-50," etc.) with no readable data; they are not summarized as substantive content.
- Date
- 2025-04-21
Cite this document
“Post-confirmation Report Chapter 11 — Vyaire Medical, Inc., Quarter Ending Date 03/31/2025 (Doc 1064).”
Original at ecf.deb.uscourts.gov, dated 2025-04-21. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2021-12-01-post-confirmation-report-chapter-11-cb969fb5-1/
, SHA-256 cb969fb545d00c5e187cc89e82d5e64e0253aec4f0867330cdff7d33bc585309.Full text
Case 24-11217-BLS Doc 1064 Filed 04/21/25 Page 1 of 10
UNITED STATES BANKRUPTCY COURT
DISTRICT OF Delaware
In re: Vyaire Medical, Inc. § Case No. 24-11217
§
Lead Case No. 24-11217
§
Debtor(s) § Jointly Administered
Post-confirmation Report Chapter 11
Quarter Ending Date: 03/31/2025 Petition Date: 06/09/2024
Plan Confirmed Date:11/14/2024 Plan Effective Date: 11/27/2024
This Post-confirmation Report relates to: Reorganized Debtor
Other Authorized Party or Entity:
Name of Authorized Party or Entity
/s/ PATRICK REILLEY PATRICK REILLEY
Signature of Responsible Party Printed Name of Responsible Party
04/21/2025
Date 500 Delaware Avenue, Suite 600
Wilmington, DE 19801
Address
STATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R.
§ 1320.4(a)(2) applies.
UST Form 11-PCR (12/01/2021) 1
Case 24-11217-BLS Doc 1064 Filed 04/21/25 Page 2 of 10
Debtor's Name Vyaire Medical, Inc. Case No. 24-11217
Part 1: Summary of Post-confirmation Transfers
Total Since
Current Quarter Effective Date
a. Total cash disbursements $15,168,389 $20,289,420
b. Non-cash securities transferred $0 $0
c. Other non-cash property transferred $0 $0
d. Total transferred (a+b+c) $15,168,389 $20,289,420
Part 2: Preconfirmation Professional Fees and Expenses
Approved Approved Paid Current Paid
Current Quarter Cumulative Quarter Cumulative
a. Professional fees & expenses (bankruptcy)
incurred by or on behalf of the debtor Aggregate Total
$234,821 $40,670,139 $3,695,811 $40,670,139
Itemized Breakdown by Firm
Firm Name Role
i Kirkland & Ellis LLP Co-Counsel $0 $12,292,457 $1,097,523 $12,292,457
ii Cole Schotz P.C. Co-Counsel $0 $3,142,087 $517,240 $3,142,087
iii AP Services, LLC Financial Professional $0 $11,511,316 $0 $11,511,316
iv PJT Partners LP Financial Professional $140,222 $8,139,213 $1,448,529 $8,139,213
v Omni Agent Solutions, Inc. Other $0 $37,679 $0 $37,679
vi BDO USA, P.C. Other $0 $1,505,330 $102,737 $1,505,330
vii McDermott Will & Emery LLP Other $33,960 $2,240,734 $221,188 $2,240,734
viii Berkeley Research Group Other $60,639 $1,801,323 $308,594 $1,801,323
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Approved Approved Paid Current Paid
Current Quarter Cumulative Quarter Cumulative
b. Professional fees & expenses (nonbankruptcy)
incurred by or on behalf of the debtor Aggregate Total
$71,021 $205,690 $71,021 $205,690
Itemized Breakdown by Firm
Firm Name Role
i Morgan, Lewis & Bockius LLP Other $49,762 $136,082 $49,762 $136,082
ii Irwin Fritchie Urquhart Moore &Other $0 $0 $0 $0
iii Fox Rothschild, LLP Other $21,259 $39,349 $21,259 $39,349
iv Hyman, Phelps & McNamara P Other $0 $8,718 $0 $8,718
v Linklaters LLP Other $0 $13,647 $0 $13,647
vi Porzio, Bromberg & Newman, POther $0 $83 $0 $83
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Debtor's Name Vyaire Medical, Inc. Case No. 24-11217
vii Hogan Lovells US LLP Other $0 $1,256 $0 $1,256
viii Littler Mendelson, P.C. Other $0 $1,113 $0 $1,113
ix Fragomen, Del Rey, Bernsen & Other $0 $5,442 $0 $5,442
x Gordon Rees Scully MansukhanOther $0 $0 $0 $0
xi Winston & Strawn LLP Other $0 $0 $0 $0
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c. All professional fees and expenses (debtor & committees) $305,842 $40,875,830 $3,766,832 $40,875,830
Part 3: Recoveries of the Holders of Claims and Interests under Confirmed Plan
Total
Anticipated % Paid of
Payments Paid Current Allowed
Under Plan Quarter Paid Cumulative Allowed Claims Claims
a. Administrative claims $0 $15,168,389 $20,226,436 $20,226,436 100%
b. Secured claims $0 $0 $0 $0 0%
c. Priority claims $0 $0 $62,984 $62,984 100%
d. General unsecured claims $0 $0 $0 $0 0%
e. Equity interests $0 $0 $0
Part 4: Questionnaire
a. Is this a final report? Yes No
If yes, give date Final Decree was entered:
If no, give date when the application for Final Decree is anticipated:
b. Are you current with quarterly U.S. Trustee fees as set forth under 28 U.S.C. § 1930? Yes No
UST Form 11-PCR (12/01/2021) 7
Case 24-11217-BLS Doc 1064 Filed 04/21/25 Page 8 of 10
Debtor's Name Vyaire Medical, Inc. Case No. 24-11217
Privacy Act Statement
28 U.S.C. § 589b authorizes the collection of this information and provision of this information is mandatory. The United
States Trustee will use this information to calculate statutory fee assessments under 28 U.S.C. § 1930(a)(6) and to
otherwise evaluate whether a reorganized chapter 11 debtor is performing as anticipated under a confirmed plan.
Disclosure of this information may be to a bankruptcy trustee when the information is needed to perform the trustee's
duties, or to the appropriate federal, state, local, regulatory, tribal, or foreign law enforcement agency when the information
indicates a violation or potential violation of law. Other disclosures may be made for routine purposes. For a discussion of
the types of routine disclosures that may be made, you may consult the Executive Office for United States Trustee's
systems of records notice, UST-001, "Bankruptcy Case Files and Associated Records." See 71 Fed. Reg. 59,818 et seq.
(Oct. 11, 2006). A copy of the notice may be obtained at the following link: http://www.justice.gov/ust/eo/
rules_regulations/index.htm. Failure to provide this information could result in the dismissal or conversion of your
bankruptcy case, or other action by the United States Trustee. 11 U.S.C. § 1112(b)(4)(F).
I declare under penalty of perjury that the foregoing Post-confirmation Report and its attachments, if
any, are true and correct and that I have been authorized to sign this report.
/s/ DAVID BARSE DAVID BARSE
Signature of Responsible Party Printed Name of Responsible Party
PLAN ADMINISTRATOR 04/18/2025
Title Date
UST Form 11-PCR (12/01/2021) 8
Case 24-11217-BLS Doc 1064 Filed 04/21/25 Page 9 of 10
Debtor's Name Vyaire Medical, Inc. Case No. 24-11217
Page 1
Other Page 1
Page 2 Minus Tables
Bankruptcy Table 1-50
UST Form 11-PCR (12/01/2021) 9
Case 24-11217-BLS Doc 1064 Filed 04/21/25 Page 10 of 10
Debtor's Name Vyaire Medical, Inc. Case No. 24-11217
Bankruptcy Table 51-100
Non-Bankruptcy Table 1-50
Non-Bankruptcy Table 51-100
Part 3, Part 4, Last Page
UST Form 11-PCR (12/01/2021) 10
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