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Title: |
Asset Purchase Agreement |
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Date: |
2004 |
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Preview shows 5KB of 347KB total |
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Price: |
$63 |
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ID: |
#370337 |
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ASSET PURCHASE AGREEMENT
BETWEEN
THE HEALTH ALLIANCE OF GREATER CINCINNATI,
for itself and on behalf of
The Christ Hospital
University Hospital, Inc.
The St. Luke Hospitals, Inc.
Jewish Hospital Of Cincinnati, Inc.
and The Fort Hamilton Hospital,
as the Seller
AND
LabOne, Inc.,
as Buyer
November 28, 2003
TABLE OF CONTENTS
Section 1. Definitions
Section 2. Basic Transactions
(a) Purchase and Sale of Assets
(b) Assumption of Liabilities
(c) Purchase Price
(d) The Closing
(e) Adjustment to Purchase Price
(f) Deliveries at the Closing
(g) Allocation
Section 3. Representations and Warranties of the Selling Entities
(a) Organization of Seller and Hospitals
(b) Authorization of Transaction
(c) Noncontravention
(d) Consents
(e) Brokers' Fees
(f) Title to Assets
(g) Undisclosed Liabilities
(h) Legal Compliance
(i) Tax Matters
(j) Intellectual Property
(k) Tangible Assets
(l) Contracts
(m) Litigation
(n) Employees
(o) Guaranties
(p) Environmental, Health, and Safety Matters
(q) Certain Business Relationships with Lab
(r) Customers and Suppliers
(s) Leased Real Property
(t) Sufficiency of Assets
(u) Trial Balance
(v) Absence of Certain Changes
(w) Inventories
(x) Employee Benefits
(y) Claims
(z) Solvency
(aa) Books and Records
(bb) Joint Operating Agreement
(cc) Alliance Primary Care
(dd) Disclosure
Section 4. Buyer's Representations and Warranties
(a) Organization of Buyer
(b) Authorization of Transaction
(c) Noncontravention
(d) Consents
(e) Brokers' Fees
(f) Employee Benefits
Section 5. Pre-Closing Covenants
(a) General
(b) Notices and Consents
(c) Operation of Business
(d) Preservation of Business
(e) Full Access
(f) Notice of Developments
(g) Exclusivity
(h) Leases
(i) Managed Care Contracts
(j) Negotiation with Medical Directors
(k) Credentialing Matters
Section 6. Employees
Section 7. Post-Closing Covenants
(a) General
(b) Litigation Support
(c) Confidentiality
(d) Lab Confidential Information
(e) Covenant Not to Compete
(f) New Participating Entity
(g) Non-Solicitation of Employees
(h) Non-Solicitation of Customers, Etc.
(i) Supplemental Non-solicitation of Customers, Etc.
(j) Trade Name
(k) Hospital-Owned Physician Groups
(l) Enforcement
(m) Equitable Relief
(n) Assignment
(o) Research and Education
(p) Employee Health Services
(q) Cooperation with Buyer's Auditors
(r) No Frustration of Purpose
(s) Use of IRLs
(t) Negotiation of Replacement Managed Care Contracts
(u) Right of First Refusal to Purchase IRL
(v) No Alteration
(w) Access to Patient Information
(x) New Leases for Draw Stations
(y) Withdrawal from the JOA
(z) Use of Name
(aa) Exclusivity of Draw Stations
Section 8. Conditions to Obligation to Close
(a) Conditions to Buyer's Obligation
(b) Conditions to Obligations of the Selling Entities
Section 9. Remedies for Breaches of This Agreement
(a) Survival of Representations and Warranties
(b) Indemnification Provisions for Buyer's Benefit
(c) Indemnification Provisions for Benefit of the Seller
(d) Matters Involving Third Parties
(e) Determination of Adverse Consequences
(f) Exclusive Remedy
Section 10. Termination
(a) Termination of Agreement
(b) Effect of Termination
Section 11. Dispute Resolution
(a) General Scope-Mediation
(b) Right to Arbitration
(c) Arbitration Procedure and Venue
Section 12. Miscellaneous
(a) Press Releases and Public Announcements
(b) No Third-Party Beneficiaries
(c) Entire Agreement
(d) Succession and Assignment
(e) Counterparts
(f) Headings
(g) Notices
(h) Governing Law
(i) Amendments and Waivers
(j) Severability
(k) Expenses
(l) Construction
(m) Incorporation of Exhibits and Schedules
(n) Equitable Relief
(o) Allocation of Property Taxes
(p) Employee Benefits Matters
(q) Bulk Transfer Laws
(r) Time is of the Essence
EXHIBITS
Exhibit A - Bill of Sale and Assignment
Exhibit B - Assignment and Assumption of Contracts
Exhibit C - Assignment and Assumption of Leases
Exhibit D - Reference Agreement
Exhibit E - Management Agreement
Exhibit F - Core Lab Lease
Exhibit G - Transition Services Agreement
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