Transcription of Asset Purchase Agreement
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Asset Purchase Agreement
Asset Purchase Agreement THIS Asset Purchase Agreement (the Agreement ), is entered into as of the date below written (the Execution Date ), by and between SELLER HOSPITAL ( Seller ), and BUYER HOSPITAL ( Buyer ). Defined terms used but not otherwise defined herein shall have the meanings contained in Exhibit A hereto. WITNESSETH WHEREAS, Seller desires to sell (subject to the assumption by Buyer of certain specifically enumerated liabilities), and Buyer desires to Purchase , substantially all of Seller s assets; and WHEREAS, the Parties desire to enter into this Agreement for the purpose of setting forth their mutual rights and obligations with respect to the foregoing. NOW, THEREFORE, for good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged and accepted, and in consideration of the premises and mutual promises herein contained, the Parties, intending to be legally bound, hereby agree as follows: ARTICLE 1 TRANSFER OF ASSETS Sale of Assets.
Agreement pursuant to those procedures set forth in Section 6.2 together with any Employee Benefit Plan of any nature whatsoever applicable to Seller’s employees (except that Buyer shall have liability for and to the extent provided in Section 6.9) and all contracts with any Government Reimbursement Program or other third-party payor or other ...
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