Bankrupt Webvan to sell warehouse, equipment to Kaiser Permanente

Thursday October 04, 2001

OAKLAND — Kaiser Permanente won the bidding war to assume the lease for a high-tech warehouse formerly used by Webvan, the now bankrupt online grocer. 

The Oakland-based HMO will take over the warehouse, equipment and software used by the defunct dot.com. Kaiser will pay more than $3.5 million for the technology and machinery that make the automated warehouse function. 

The HMO outbid Louis Borders, founder of Webvan and the Borders bookstore chain. 

Foster City-based Webvan filed for bankruptcy in July. Two firms are handling the sale of Webvan’s warehouse equipment, computers, trucks, office furniture and other hard assets.