Hospital Center in West Virginia
Listing Information
Hospital Center in West Virginia
Minimum Price: $15,300,000.00
Created: 05/24/2014
Category: Business Property > All Assets or Going Concerns > Health Care Equipment & Services
Sale Location: Wheeling, West Virginia
Sale Date: Mon. Jun 23, 2014
Primary Office Location: 1325 Locust Avenue, Fairmont, WV
Debtor's Attorney
110 Oakwood Drive, Suite 500
Winston-Salem, NC 27103
336-725-4710
Case Title: Fairmont General Hospital, Inc. and Fairmont Physicians, Inc.
Court: West Virginia Northern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Public Auction Sale of Substantially all of the Assets of Fairmont General Hospital, Inc. and Fairmont Physicians, Inc. The Assets sold together or in separate lots.
Fairmont General Hospital, Inc. (“FGH”) is a not-for-profit corporation in State of West Virginia. FGH operates a 207-bed acute care hospital located at 1325 Locust Avenue in Fairmont, West Virginia. FGH also operates a separate facility (the “HealthPlex”) located at 51 Southland Drive in Fairmont, West Virginia. The Hospital provides a comprehensive range of acute, sub-acute, ambulatory, emergency and ancillary services, including cardiac catheterization, ambulatory surgical services, diagnostic imaging (including MRI, PET, and CT scanning), obstetrics, behavioral medicine, home health, and orthopedics. The HealthPlex houses physical, occupational, and speech therapy services, cardiac rehabilitation, limited radiology services, physician offices, and a retail wellness and fitness center.
Fairmont Physicians, Inc. d/b/a Fairmont Physicians Network is a wholly-owned subsidiary that employs the physicians in 11 practices owned or controlled by the Hospital and provides clinical and office space for the practices.
Financial Overview
Additional Details
Sale Hearing at "1125 Chapline Street, Wheeling, WV 26003" @ 10:00 a.m.
Auction at the offices of:
Spilman Thomas & Battle PLLC
1233 Main St., Suite 400, Wheeling, WV 26003
Time - June 17, 2014 at 10:00 a.m.
Bid Deadline: June 12, 2014 at noon
Minimum Initial Overbid: $16,050,000
Bid Increments: $250,000
Deposit Amount: 10% of the total proposed cash portion of the purchase price, at least three (3) business days before the Auction
Last date to respond - June 19, 2014 at 5:00 p.m.