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Acute-care Hospital Facility in Louisiana

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Acute-care Hospital Facility in Louisiana



Price: $22,000,000.00


Other Item Info
Item #: laebke_184441
Created: 04/17/2017
Category: Business Property > All Assets or Going Concerns > Health Care Equipment & Services
Sale Location: New Orleans, Louisiana
Sale Date: Tue. May 16, 2017
Seller Info
Elizabeth J. Futrell
Debtor's Attorney
201 St. Charles Avenue
New Orleans, LA 70170
(504) 582-8000
Bankruptcy Info
Case #: 2:17-bk-10353
Case Title: LMCHH PCP LLC
Court: Louisiana Eastern Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

Description

Sale of substantially all of the assets of LMCHH PCP LLC, including Hospital facility, real estate, equipment, supplies, contracts, and accounts receivable. The Sale Assets including (i) the land more particularly described on Exhibit A (on the attached PDF) together with all rights and appurtenances pertaining to such property, including any right, title and interest of Seller in and to adjacent streets, alleys or rights-of-way (the “Land”); (ii) the Hospital, including all fixtures and improvements affixed to or located on the Land (the “Improvements”); (iii) any and all of Seller’s right, title and interest in and to all tangible personal property owned by the Facility located upon the Land or within the Hospital; (iv) any and all of right, title and interest in and to the lessor’s interest in that certain Ground Lease dated June 21, 2007 between Seller, as lessor, and LA HEART MOB, L.P., as lessee, as amended by that certain First Amendment to Ground Lease dated July 3, 2007, that certain Second Amendment to Ground Lease dated February 28, 2008, that certain Amendment to Notice of Ground Lease dated March 26, 2008, that certain Lease Assignment, Assumption and Ratification Agreement dated March 26, 2008, and that certain Third Amendment to Ground Lease dated March 26, 2010; (v) any and all of right, title and interest in and to (a) all assignable existing warranties and guaranties (express or implied) issued to Debtors in connection with the improvements to the Hospital or the Personal Property, and (b) all assignable existing permits, licenses, approvals and authorizations issued by any governmental authority in connection with the Property (the “Intangibles”); and (vi) any and all oil, gas and other minerals and associated hydrocarbons on, under and beneath the Land (the “Mineral Rights”).

LMCHH PCP LLC, a nationally recognized 132-bed acute-care hospital (the “Hospital”) located in the heart of St. Tammany Parish in Lacombe, Louisiana, specializing in treatment of cardiovascular disease and injuries affecting the spine. The Hospital offered a full range of inpatient and outpatient medical, surgical, and diagnostic services covering more than 35 specialties including orthopedics, vascular and general surgery, urology, gastroenterology, and neurology.


Sale Location

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201 St. Charles Ave #5000
New Orleans, LA, 70170

Additional Details

  1. Auction Time: 10:00 a.m.
  2. Sale Hearing to be held on May 18, 2017 at 2:00 p.m.
  3. Bid Deadline: May 11, 2017
  4. Bid Deposit: $3.0 million or 10% of the Potential Bidder’s Initial Bid
  5. Bid Amount: $23,000,000
  6. Each subsequent bid must have a purchase price that exceeds the purchase price of the previous highest bid by at least One Hundred Thousand Dollars (U.S. $100,000).
  7. Objection Deadline: May 17, 2017, at 11:00 a.m.


Other Information

Terms and Conditions:

See attached.


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