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Assets of Acute Care Hospital Business

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Assets of Acute Care Hospital Business



Price: Not Specified

Other Item Info
Item #: canbke_588949
Created: 12/29/2021
Category: Business Property > All Assets or Going Concerns > Health Care Equipment & Services
Sale Location: San Jose, California
Sale Date: Wed. Feb 23, 2022
Seller Info
Debra Grassgreen
Debtor's Attorney
150 California Street, 15th Floor
San Francisco, CA 94111
212-263-7000
Bankruptcy Info
Case #: 5:21-bk-51477
Case Title: Watsonville Hospital Corporation
Court: California Northern Bankruptcy Court
Chapter: 11
View Case Docket

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Description

Sale of substantially all of assets of Watsonville Hospital Corporation, et al., (the “Sellers”). The sellers operate Watsonville Community Hospital (the “Hospital”), a 106-bed acute care facility located in Watsonville, California. As the only acute care facility in the area, the Hospital provides vital services to its surrounding community, including emergency, cardiac, pediatric, surgical, pharmaceutical, laboratory, radiological, and other critical services.

The Sale assets include all of Seller’s tangible and intangible property, including all property listed on Schedule 1.1, all cash except Excluded Cash, deferred tax assets, employee advances, prepaid insurance, including prepaid professional liability insurance, accounts (including all accounts receivable), machinery, equipment, inventories, tenant improvements (regardless of whether they are accounted for as an asset on the books of Seller), goodwill of the Business, software and computer programs, hardware, Intellectual Property (including the names “Watsonville Community Hospital” and all other trade names and acronyms under which Seller conducts the Business or by which Seller or the Business is commonly known), prepaid expenses and deposits, Assigned Contracts, Assigned Personal Property Leases, books and records (including all patient charts and records, patient lists and appointment books relating to patients treated by the Business to the extent transferable under applicable law), any Seller policies and procedures relating to the Business, telephone and facsimile numbers, uniform resource locators, email addresses, social media identifiers, all Licenses (for clarity, the Medicare, Medicaid or Medi- Cal provider numbers set forth on Schedule 1.1 are Licenses included as Acquired Assets) and permits (including drug and nuclear licenses) to the extent transferable to Buyer, in each case to the extent transferable or otherwise capable of being assumed, sold and assigned, all benefits, proceeds and other amounts payable under any Seller policy of insurance relating to the Business, and proceeds of all of the foregoing assets.


Sale Location

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280 South First Street
San Jose, CA, 95113

Additional Details

Sale Hearing in "Courtroom 11" @ 10:00 a.m.



Other Information

Terms and Conditions:

See Attached.


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