THE HOSPITAL CONTRACT AGREEMENT SIGNED BY THE BUYERS AND THE SELLERS. THAT IS A DONE DEAL. NEED THE EXTRA TIME FOR EMPLOYEE BENEFIT TRANSITIONS. THIS ISN'T CONSIDER IS A DELAY IN MY BOOK.
THE LISTING OF JAMESTOWN TN MEDICAL CENTER, INC. AS A SUBSIDIARY OF RNVA. MENTION AS THE "BUYER" IN THE PURCHASE AGREEMENT.
Jamestown TN Medical Center, Inc. is the New company Seamus Lagan Created as the "BUYER" Jamestown Regional Medical. If you look at RNVA list of subsidiaries there are three new companies.
1 - Jamestown TN Medical Center, Inc Tennessee The entity's filing date TN Secretary of State is 1/30/18. 000944107 CORP Jamestown TN Medical Center, Inc. TENNESSEE Entity Active 01/30/2018 Active https://tnbear.tn.gov/ECommerce/FilingSearch.aspx
2 - Rennova Health Services TN, Inc. Tennessee Look like is still processed. As of May 02, 2018 we have processed all corporate filings received in our office through May 01, 2018
3 - Mountain View Physician Practice, Inc. Tennessee This also is a new corp. The entity's filing date 03/09/2018 000951704 CORP Mountain View Physician Practice, Inc. TENNESSEE Entity Active 03/09/2018 Active
THE NEW NAMES ARE SET IN STONE. THEY ARE TAKE OVER THE HOSPITAL
THE 8-K DONE DEAL! THE KEY WORD HERE IS (RECENTLY) they not stated (PREVIOUSLY)
(RNVA), (RNVAW) (“Rennova” or the “Company”), a vertically integrated provider of industry-leading diagnostics and supportive software solutions to healthcare providers that recently announced the acquisition of its second Rural Hospital,
CAN'T GET ANY BETTER THAN THIS. ONE HELL OF THE DEAL. NONE TOXIC DILUTION.
According to the agreement sellers guarantor CHS/COMMUNITY HEALTH SYSTEMS, INC and the buyer guarantor RENOVA HEALTH, INC.
"The purchase price (the “Purchase Price”) for the Assets shall be One Dollar ($1.00), plus the amount of the Net Working Capital
a) Net Working Capital. As used herein, the term “Net Working Capital” shall mean the aggregate current assets of Sellers conveyed to Buyer pursuant to Section 1.1 hereof (excluding those Excluded Assets which would otherwise be included in current assets), minus the aggregate current liabilities of Sellers assumed by Buyer pursuant to Section 1.3 hereof (excluding those Excluded Liabilities which would otherwise be included in current liabilities), all as determined in accordance with generally accepted accounting principles (“GAAP”) consistently applied. In any case with respect to the computation of Net Working Capital (i) the following shall be included in current assets: prepaid expenses and supplies and inventory, and (ii) the following shall be included in current liabilities: accrued liabilities for vacation and holiday benefits for employees of Sellers who are hired by Buyer.
RNVA--------List of Subsidiaries
NAME:
Medytox Solutions, Inc. Nevada Scott County Community Hospital, Inc. Tennessee Jamestown TN Medical Center, Inc Tennessee Rennova Health Services TN, Inc. Tennessee Mountain View Physician Practice, Inc. Tennessee Medytox Diagnostics, Inc. Florida Medytox Medical Marketing & Sales, Inc. Florida Medytox Institute of Laboratory Medicine, Inc. Florida EPIC Reference Labs, Inc. Florida PB Laboratories, LLC Florida Biohealth Medical Laboratory, Inc. Florida International Technologies, LLC (DBA New Jersey Ref Lab) New Jersey Epinex Diagnostics Laboratories, Inc. California Epinex Diagnostics Laboratories, Inc. Nevada
Health Technology Solutions, Inc. Florida Clinlab, Inc. Florida Medical Mime, Inc. Florida Platinum Financial Solutions Ltd. Bahamas Platinum Financial Solutions, LLC Florida Medical Billing Choices, Inc. North Carolina
Advanced Molecular Services Group, Inc. Florida Genomas, Inc. Delaware CollabRx, Inc. Delaware Alethea Laboratories, Inc. Texas