Skilled Nursing Care Facilities Business in New York

Auction Sale of substantially all of assets including senior care facilities or the receivables of the Absolut Facilities Management, LLC, et al. (collectively, the "Sellers"). The sellers operate five skilled nursing facilities and one assisted living facility in the state of New York (the “Senior Care Facilities”).3 The Senior Care Facilities provide long-term care and rehabilitative services to many senior patients. In particular, the Senior Care Facilities provide hospice, dementia care, medical needs, as well as short- and long-term rehabilitation care, and more described as below:

(i) The Senior Care Facilities and related assets (the “Operating Assets”) include the following:

• Allegany Facility: The Allegany Facility has 37 beds and employs approximately 56 people;
• Aurora Park Facility: The Aurora Park Facility has 320 beds and employs approximately 331 people;
• Gasport Facility: The Gasport Facility has 83 beds and employs approximately 92 people;
• Orchard Brooke Facility: The Orchard Brooke facility has 80 beds and employs approximately 19 people;
• Three Rivers Facility: The Three Rivers Facility has 120 beds and employs approximately 119 people;
• Westfield Facility: The Westfield Facility has 120 beds and employs approximately 124 people;

(ii) Receivables: The sellers have healthcare receivables totaling approximately $19 million (the “Receivables” and, together with the Operating Assets, the “Assets”).