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Assets of Skilled Nursing Facilities Business
Listing Information
Attachments
Assets of Skilled Nursing Facilities Business
Price: Not Specified
Other Item Info
Item #: debke_184431
Created: 03/12/2021
Category: Business Property > All Assets or Going Concerns > Health Care Equipment & Services
Sale Location: Wilmington, Delaware
Sale Date: Mon. May 10, 2021
Created: 03/12/2021
Category: Business Property > All Assets or Going Concerns > Health Care Equipment & Services
Sale Location: Wilmington, Delaware
Sale Date: Mon. May 10, 2021
Seller Info
Robert Weber
Debtor's Attorney
1313 N. Market Street, Suite 5400
Wilmington, DE 19801
302-295-0196
Debtor's Attorney
1313 N. Market Street, Suite 5400
Wilmington, DE 19801
302-295-0196
Bankruptcy Info
Case #: 1:21-bk-10461
Case Title: CMC II, LLC
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: CMC II, LLC
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of assets of CMC II, LLC and its affiliated sellers (collectively, the “Sellers”), the sale divided into two parts, and more described as follows:
- Substantially all of the assets of the skilled nursing facilities (the “SNF Assets”) operated by sellers 207 Marshall Drive Operations LLC, and 803 Oak Street Operations LLC (collectively, the “Operator Sellers”), and more described from Page No. 112-114 on the attached PDF; and
- Substantially all assets of seller CMC II, LLC, along with certain potential claims and causes of action of the Sellers (the “Manager and Remaining Assets”), and more described from Page No. 98-99 on the attached PDF.
Financial Overview
Income and Expenses ($)
months
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Asset and Liability Summary ($)
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Real Estate:
Total Assets:
Liabilities to assume:
Sale Location
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Wilmington, DE, 19801
Additional Details
- Auction Time: 10:00 a.m.
- Sale Hearing Held on May 13, 2021 at 2:00 p.m.
- Purchase Price: (i) SNF Assets for $2,000,000.00; and (ii) The Manager and Remaining Assets Purchase Price consist of the following consideration (collectively, the “Purchase Price”): (i) a credit bid, pursuant to section 363(k) of the Bankruptcy Code, of $3,000,000 of obligations owed by the Company arising under the DIP Documents; and (ii) assumption of the Assumed Liabilities, including the payment of cure costs associated with the Assumed Contracts.
- Minimum Bid Amount: Provide for a Purchase Price equal to or greater than the Purchase Price set forth in the applicable Stalking Horse Agreement, plus (y) the minimum overbid amount of $100,000.00.
- Bid Increment: $100,000.00
- Bid Deposit: 10% of the aggregate value of the cash consideration of the bid
- Bid Deadline: May 5, 2021
- Last date to respond: May 12, 2021