July 8, 2010 (FinancialWire) — Authentidate Holding Corp. (NASDAQ: ADAT) said that it has reached a definitive agreement to sell certain non-core assets to Star Advisors, LLC, acting on behalf of the principals of Astria Solutions Group, LLC, for around $2.4 million.

The assets sold by the company include its land and building in Schenectady, New York, which is currently leased by Astria; a $2 million, seven-year 8.5% note issued by Astria to the company in connection with its purchase of the Docstar and DJS businesses from the company in June 2007; and the deferred receivables related to such businesses.

As reported in Authentidate Holding's 10-Q filed with the SEC for the three months ended March 31, 2010, the land and building is classified in the company's financial statements as assets held for sale and the note and deferred receivables are fully reserved and have net carrying values of zero.

The closing of the sale is currently scheduled to occur by July 14.

New Jersey-based Authentidate Holding is a provider of secure health information exchange, workflow management services and telehealth solutions. The company's software and web-based services are meant to enable healthcare organizations and other enterprises to increase revenues, reduce costs and enhance patient care by eliminating paper and manual work steps from clinical and administrative processes.

Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://investrend.stocksmart.com/ss/html/hpcompany.html). Current valuation analysis research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://www.valuengine.com/rep/searchsrep?pid=42&srchfor=).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public other companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject entities, companies, equities, or representatives thereof, for its news, opinions or distributions. Further disclosure is posted at the FinancialWire(tm) website (at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Copyright © MMX, FinancialWire(tm); All rights reserved.

[hlmsmlh] [prfssnlsrvctsrc] [systmspprtrpys] [prtnrshpsphs] [hlthcrdp] [nwdlsldw] [btnwswntb]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.