Healthcare Business in Iowa

Sale of substantially all the assets of Central Iowa Healthcare (CIH). CIH operates a community hospital in Marshalltown, Iowa, which is located between Des Moines and Cedar Rapids. CIH’s 49-bed, acute care facility is the only full-service medical center in the area. CIH provides inpatient, outpatient, emergency care, and medical clinic services for the residents of Marshall, Tama, and Grundy counties.

The Sale Assets are described as below:

(a) All inventory, including: supplies; drugs; food; disposables; consumables; office and other supplies; spare, replacement, and component parts; and other inventory property located at, or stored on behalf of, or in transit to, the Land, Hospital, Outpatient Center, Clinics, or used in the Business (collectively the “Inventory”);
(b) All Records, fixed assets, equipment, furnishings, computer hardware, vehicles, fixtures and other tangible personal property (including all medical equipment, data processing equipment and related software);
(c) All of Seller’s rights under the Assigned Contracts;
(d) All of Seller’s right, title, and interest to the Land and all licenses, permits, approvals, qualifications, easements, and other rights relating thereto;
(e) All good will, patents, patent applications, copyrights, copyright applications, methods, know-how, software, technical documentation, licenses, processes, procedures, inventions, trade secrets, trademarks, trade names, service marks, service names, registered user names, technology, research records, data designs, plans, drawings, manufacturing know-how and formulas, whether patentable or unpatentable, and other intellectual or proprietary rights or property relating to the Business or the Facilities and all Seller’s Intellectual Property;
(f) All rights to causes of action, lawsuits, judgments, claims and demands of any nature available to, or being pursued by, Seller, whether arising by way of claim, counterclaim, setoff, or recoupment, as well as all rights and claims arising under any Assigned Contract, but not including any claims or causes of action arising solely pursuant to Chapter 5 of the Bankruptcy Code;
(g) All deposits, advances, pre-paid expenses and credits;
(h) To the extent Buyer request, all Licenses relating to the Business, the Hospital, the Clinics, the Outpatient Center, or the Facilities; and more described from Page 27-29 on the attached PDF.