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Care Retirement Facility and Related Assets in New Hampshire

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Listing Information

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Care Retirement Facility and Related Assets in New Hampshire



Price: $33,000,000.00


Other Item Info
Item #: nhbke_118066
Created: 08/30/2021
Category: Business Property > All Assets or Going Concerns > Health Care Equipment & Services
Sale Location: Boston, Massachusetts
Sale Date: Wed. Nov 3, 2021
Seller Info
Owen Graham
Debtor's Attorney
650 Elm Street Ste 5th Floor
Manchester, NH 03101
603-545-6110
Bankruptcy Info
Case #: 1:21-bk-10523
Case Title: The Prospect-Woodward Home
Court: New Hampshire Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

Description

Sale of substantially all of assets of The Prospect-Woodward Home (the “Seller”). The seller owns and operates a licensed continuing care retirement facility with 222 units, comprised of 141 independent living units, 43 assisted living units, 18 memory care units, and 20 licensed but not yet opened long term nursing care units (the “Facility”) located on or about 95 Wyman Road, Keene, New Hampshire, comprising approximately 66 acres (the “Premises”). The sale assets more described as follows:

  • The Facility, the Premises, and the improvements thereon;
  • The Books and Records, Resident medical records, and Transferred Employee records;
  • The Assumed Contracts (including for Resident Agreements, any rights of Seller in the Entrance Fee and Option Deposits);
  • The Equipment;
  • The Inventory;
  • To the extent transferable under applicable law, the Permits;
  • All intellectual property, including any trademarks, trade secrets, and the like;
  • General intangibles, and community specific intellectual property, including domain name www.hillsidevillagekeene.org, as well as the names “The Prospect-Woodward Home” and “Hillside Village Keene” and related logos and marketing materials; and because the Buyer is a non-profit, such funds being transferable, and the restrictions on the use of any such funds (such funds and restrictions as described in Schedule 2.1(j)), all of Seller’s rights in any endowment or donor-restricted funds held by Seller (collectively, the “Endowment”).

Sale Location

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28 State Street
Boston, MA, 02109

Additional Details

  1. Auction Time: 10:00 a.m.
  2. Sale Hearing Held on November 8, 2021.
  3. Bid Amount: $34,010,000.00
  4. Bid Increment: $100,000.00
  5. Bid Deposit: $1,000,000.00
  6. Bid Deadline: October 29, 2021
  7. Last date to respond: October 29, 2021


Other Information

Terms and Conditions:

See Attached.


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