Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SUGAR LAND, TX-Comerica Bank has foreclosed and sold Henley Healthcare Inc.’s US operations at 120 Industrial Blvd. in Sugar Land. The operator owes $5.2 million, according to the bank.

Henley is a manufacturer, provider and marketer of pain management products. Earlier this year, it had been reported that Comerica Bank had sold Henley’s operating assets for $900,000. The Sugar Land facilities have been sold for $2.3 million. Comerica additionally plans to foreclose and sell the operations in Belton, TX.

Henley has ceased doing business in Texas, but a review of financial information shows a subsidiary of Henley, Enraf-Nonius B.V. Enraf-Nonius, a Delft, Netherlands-based producer and supplier of physiotherapy and active rehabilitation products, is still in business under the leader of Henley executive, Len de Jong. Henley currently is seeking to restructure its outstanding debt to Comerica, Maxxim Medical, Preferred Stockholders and Vendors. If the sale of the company’s assets doesn’t repay its debts, Henley plans to file for federal bankruptcy.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.