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Adult Care Home and Related Assets in North Carolina
Listing Information
Attachments
Adult Care Home and Related Assets in North Carolina
Price: $2,250,000.00
Other Item Info
Item #: ncwbke_194568
Created: 07/07/2017
Category: Business Property > All Assets or Going Concerns > Support Services
Sale Date: None Set
Created: 07/07/2017
Category: Business Property > All Assets or Going Concerns > Support Services
Sale Date: None Set
Seller Info
John C. Woodman
Debtor's Attorney
211 East Blvd.
Charlotte, NC 28203
704-442-0000
Debtor's Attorney
211 East Blvd.
Charlotte, NC 28203
704-442-0000
Bankruptcy Info
Case #: 3:17-bk-31083
Case Title: AA Holdings-Winston-Salem, LLC
Court: North Carolina Western Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: AA Holdings-Winston-Salem, LLC
Court: North Carolina Western Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of substantially all the assets of AA Holdings-Winston-Salem, LLC including its real property, furniture, equipment, fixtures, inventory and rights to the CON. The Company is a single-member North Carolina limited liability company that owns certain real property located at 2900 Reynolds Park Rd., Winston-Salem, Forsyth County, North Carolina 27107. Located on the Property is an adult care home currently or formerly known as "Cornerstone Living Center" licensed pursuant to N.C. Gen. Stat. ยง 131Dand 10AN.C.A.C. 13F (the "Facility").
The Property is grandfathered for purposes of Certificate of Need law with the State of North Carolina, and as such, the Company, as the real property owner, holds rights to the Certificate of Need for one hundred twenty-one (121) beds associated with the Facility. Said rights to the Certificate of Need ("CON") are property of the Company.
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