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Specialty Hospital in Washington
Listing Information
Attachments
Specialty Hospital in Washington
Price: Not Specified
Other Item Info
Item #: dcbke_43720
Created: 06/07/2014
Category: Business Property > All Assets or Going Concerns > Health Care Equipment & Services
Sale Location: Washington, District Of Columbia
Sale Date: Wed. Jun 25, 2014
Primary Office Location: 700 Constitution Avenue N.E., Washington 20002
Created: 06/07/2014
Category: Business Property > All Assets or Going Concerns > Health Care Equipment & Services
Sale Location: Washington, District Of Columbia
Sale Date: Wed. Jun 25, 2014
Primary Office Location: 700 Constitution Avenue N.E., Washington 20002
Seller Info
Patrick J. Potter
Debtor's Attorney
2300 N Street N.W.
Washington, DC 20037
(202)663-8000
Debtor's Attorney
2300 N Street N.W.
Washington, DC 20037
(202)663-8000
Bankruptcy Info
Case #: 1:14-bk-00279
Case Title: Specialty Hospital of Washington, LLC
Court: District Of Columbia Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Specialty Hospital of Washington, LLC
Court: District Of Columbia Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of substantially all the assets of Specialty Hospital of Washington, LLC.
The Specialty Hospital collectively own and operate two Long Term Acute Care Hospital (“LTAC”) facilities, each of which has an accompanying Skilled Nursing Facility (“SNF”). (i) One such facility (Leased Real Property) is located at 700 Constitution Avenue, NE, Washington, DC (the “Capitol Hill Facility”). The Capitol Hill Facility houses a 60-bed LTAC and a 117-bed SNF. (ii) The other facility (Owned Real Property) is located at 4601 Martin Luther King Jr. Avenue, S.W., Washington, D.C. (the “Hadley Facility” and, together with the Capitol Hill Facility, the “SHA Facilities”). The Hadley Facility houses an 82-bed LTAC, a 62-bed SNF,6 and a surgical suite primarily for the benefit of the Hadley Facility’s patients or residents.
You can contact the Seller (above) or click on the case # in the bankruptcy case information section to find additional documents and descriptions regarding these assets for sale.
Financial Overview
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Additional Details
Sale Hearing in "Courtroom No. 1, 333 Constitution Avenue, NW, Washington, DC 20001" @ 10:00 a.m.
Auction at the office of :
Pillsbury Winthrop Shaw Pittman, LLP
2300 N Street, NW, Washington, DC 20037
Time - June 23, 2014 at 10:00 a.m.
- Bid Deadline: June 20, 2014 at 5:00 p.m.
- Initial Overbid: (i) the Total Transaction Value, plus (ii) $1.5 million (the “Breakup Fee”), plus (iii) the Expense Reimbursement, as defined in the Stalking Horse Agreement, plus (iv) $100,000.
- Good Faith Deposit: 10% of the Proposed Purchase Price
- Overbid Increments: $100,000
- Assignment and Cure Objection Deadline: June 24, 2014
- Last date to respond - June 24, 2014 @ 2:00 p.m.
Purchase Price shall consist of: (a) a $15 million DIP loan term facility, with all sums owing thereon; plus (b) the assumption by the Stalking Horse Purchaser of certain liabilities set forth in the Stalking Horse Agreement, including the Regulatory Agreements, and the payment of the Cure Costs relating to the Designated Contracts; plus (c) an amount not to exceed $200,000, to conduct the orderly wind-down or dismissal of the bankruptcy case(s) following the sale contemplated by the Transaction; and plus (d) in the sole discretion of SHP, an amount up to $10,000,000 of the BB&T Debt, which has been purchased by and assigned to SHP.