ScripsAmerica, Inc. filed a notice in the US Bankruptcy Court for the sale of its subsidiary on January 24, 2017. Pursuant to an auction conducted on January 24, 2017, the debtor has entered into an asset purchase agreement with Jaysukh Sabhaya for the sale of equity interest in Pharmacy Administration, Inc. for a purchase price of $0.15 million. Equity Partners HG LLC acted as broker for the debtor and Danile K. Astin and Joseph J. McMohan, Jr. of Ciardi, Ciardi & Astin represented the debtor as legal advisors.