HomeMy WebLinkAbout97-05600
,I
~
~
'..
-
'..
-..0
.
~i
c
~ ~ .
cf~
.
. - .
't "
~!/
I
I
!
i
!
I
(
~
,
'"'
, ..
.~
...
'-'
()
0()
~
~
Qoo
~I
I
.
(- (1\ ,
'" "
,
ll' '1,'
,
~
~
';:I p
;;J g
6'Ji "
"
'"
:r "]"
" ..
4'
~
-
0-
o
~J
/.., ,:l
"
l. . ~~ : ,,;.1
co ."-
"
l.) r-. ..1
0" (.)
~
;i
il Iii ~ .9~1
~p~ PI ~ i~h~! I
II ~ ~ b Ilil
~ . ~ ~BB ~i~~~
~ 5 i5 ~jj~ ~a~~
'"
~ g
I:\~ '" to g
~ ~ Cl ~
a.... O:~5!~
It ':l ffi z N ~
o~~~~~
~ j~ ~~~~
. z L3 ll. :J
~ 01 m
u; N ~
~ ~
:.J
~
,
. ".
.' .
" 4
.'
..
CENTRAL PA REHABILITATION
SERVICES, INC. and REHAB
SERVICES OF CENTRAL PA,
INC. ,
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
Plaintiffs
vs.
CIVIL ACTION - LAW
CENTRAL PENNSYLVANIA
REHABILITATION SERVICES,
INC. and REHAB SERVICES OF
CENTRAL PENNSYLVANIA, INC.,
Defendants
NO. 97-5600
CIVIL
CIVIL ACTION
AFFIUAVr;.,O:r;;;; ;:;,,~~
/R~~!2._
,
\!l(J~
\
, certifies and says:
1. He or she is a competent adult, age Sf:; years, who
is not a party to the above action.
2. On (JrMu J3, 1997, at c;..:30 o'clock
-I!-.M., service of the Complaint filed in the above action was
made by the undersigned upon the Defendant, REHAB SERVICES OF
CENTRAL
PE~~~A, INC., by handing a true and attested copy
co:'laint to :~1ff"'tJ7tt//(.rt:t5 ~ who is an executive
or the manager, clerk or other person for the time
of said
officer
being in charge of the office and place of business of said
Defendant.
3. Service occurred at 38 Pond Street, Franklin,
Massachusettes, which is said Defendant's office and place of
business.
4. I understand that false statements herein are made
subject to the penalties of 18PA.C.S., Section 4904, relating
.- ...
.
.
,
.~
.:
,~ (~ J (
r <C;
I , .,
" , t' ; ,
, "
I '__4 ..",
,
" , i
, 1-' ,
[ "
" I ,
" " I
i.' " )(1..
, r- ",
l L:~ CJ
,
A '#
. . - ' , ..
. . ~'--'~'_S ...,...
CENTRAL PA REHABILITATION
SERVICES, INC. and REHAB
SERVICES OF CENTRAL PA,
INC. ,
IN THE COURT OF COMMON PI,EAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
Plaintiffs
vs.
CIVIL ACTION - LAW
CENTRAL PENNSYLVANIA
REHABILITATION SERVICES,
INC. and REHAB SERVICES OF
CENTRAL PENNSYLVANIA, INC.,
Defendants
NO. 97-5600
CIVIL
CIVIL ACTION
AFFIDAV1~ O~ RETURN OF SERVICE .
. 7"tJ:;fdvt/- /J1, tVluf/,
./ fJ~......,- , certifies and says:
l. He or she is a competent adult, age 56 years, who
is not a party to the above action.
2. On aCidYL .23. 1997, at ;a :30 o'clock
~.M., service of the Complaint filed in the above action was
made by the undersigned upon the Defendant, CENTRAL
PENNSYLVANIA REHABILITATION SERVICES, INC., by handing a true
and attested copy of said Complaint to ~~d.U~~~~;1~
~1dC'1f: ~ L.
who is an executive officer or the manager, clerk or other
person for the time being in charge of the office and pl?ce of
business of said Defendant.
3. Service occurred at 38 Pond Street, Franklin,
Massachusettes, which is said Defendant's office and place of
business.
4. I understand that false statements herein are made
subject to the penalties of 18PA.C.S., Section 4904, relating
" -
to unsworn falisification.
Date: J'Jd-a1J.-'Vl.. .;tJ, 1997
U' /!.vLL lL~
. Process Server
C IlMMti:-
- ~-
"
-2-
"
~" " , (~
'I" e;
I " .. , -, "
.
t,JI_ I.....,: , ,
( " ,
, , .>'..,
\ ,.-
.
C "
, , r-- ,
t}i - :
- '. I \;\"1
l~' ( 'u...-
. .-
.'
I f'- .-
LJ <1' l.)
J' U
CENTRAL PA REHABILITATION
SERVICES, INC. and REHAB
SERVICES OF CENTRAL PA,
INC. ,
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
Plaintiffs
vs.
CIVIL ACTION - LAW
CENTRAL PENNSYLVANIA
REHABILITATION SERVICES,
INC. and REHAB SERVICES OF
CENTRAL PENNSYLVANIA, INC.,
Defendants
NO. 97-5600
CIVIL
CIVIL ACTION
TO: CENTRAL PENNSYLVANIA REHABILITATION SERVICES, INC.
38 Pond Street
Franklin, Massachusetts 02038
REHAB SERVICES OF CENTRAL PENNSYLVANIA,INC.
38 Pond Street
Franklin, Massachusetts 02038
Date of Notice: November 17, 1997
NOTICE OF INTENT TO ENTER DEFAULT JUDGMENT
YOU ARE IN DEFAULT BECAUSE YOU HAVE FAILED TO TAKE ACTION
REQUIRED OF YOU IN THIS CASE. UNLESS YOU ACT WITHIN TEN DAYS
FROM THE DATE OF THIS NOTICE, A JUDGMENT MAY BE ENTERED AGAINST
YOU WITHOUT A HEARING AND YOU MAY LOSE YOUR PROPERTY OR OTHER
IMPORTANT RIGHTS. YOU SHOULD TAKE THIS NOTICE TO A LAWYER AT
ONCE. IF YOU DO NOT HAVE A LAWYER OR CANNOT AFFORD ONE, GO TO
OR TELEPHONE THE FOLLOWING OFFICE TO FIND OUT WHERE YOU CAN GET
LEGAL HELP.
Court Administrator
Fourth Floor
Cumberland County Court House
One Court House Square
Carlisle, Pennsylvania 17013-3387
(717) 240-6200
By:
~~
Marlin R. McCaleb
Attorney for Plaintiffs
L.\NIlFIKf.",
MAMLlN n McCALEB
3
-!l
j l-
t -8 CT
N] 7
()o ~ ""'2 '1
.- - (: ]. -:I Bi
L ~. c:; ~
.i'
, 1 .
.1 g +l 11
,.
(~) _.0 ~ "'-
, d- .J
, <...l
'.',1 "4
c. I
"
t__" 0 ! :~: j
I
c:.;.
l.' r-
c c,' ~..)
IIIW n..I' I',
M^'lUN 14 Mll^LUI
"'
CENTRAL PA REHABILITATION
SERVICES, INC. and REHAB
SERVICES OF CENTRAL PA,
INC. ,
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
Plaintiffs
vs.
CIVIL ACTION - LAW
CENTRAL PENNSYLVANIA
REHABILITATION SERVICES,
INC. and REHAB SERVICES OF
CENTRAL PENNSYLVANIA, INC.,
Defendants
NO. q "I" ,,-t.. UU CIVIL -r.LL~-
CIVIL ACTION
NOTICE TO DEFEND
You have been sued in Court. If you wish to defend against
the claims set forth in the following pages, you must take
action within twenty (20) days after this Complaint and Notice
are served, by entering a written appearance personally or by
attorney and filing in writing with the Court your defenses or
objections to the claims set forth against you. You are warned
that if you fail to do so the case may proceed without you and
a judgment may be entered against you by the Court without
further notice for any money claimed in the Complaint or for
any other claim or relief requested by the Plaintiffs. You may
lose money or property or other rights important to you.
YOU SHOULD TAKE THIS PAPER TO YOUR LAWYER AT
ONCE, IF YOU DO NOT HAVE A LAWYER OR CANNOT
APFORD ONE, GO TO OR TELEPHONE THE OFPICE SET
FORTH BELOW TO FIND OUT WHERE YOU CAN GET
LEGAL HELP.
Court Administrator
Fourth Floor
Cumberland County Court House
One Court House Square
Carlisle, Pennsylvania 17013-3387
(717) 240-6200
~~~~
Marlin R. McCaleb
Attorney for Plaintiffs
.t, .~ .,
, .
. .
CENTRAL PA REHABILITATION
SERVICES, INC. and REHAB
SERVICES OF CENTRAL PA,
INC. ,
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLV~IA
Plaintiffs
vs.
CIVIL ACTION - LAW
NO. 9'1. Hd.rv CIVIL rtA--h
CENTRAL PENNSYLVANIA
REHABILITATION SERVICES,
INC. and REHAB SERVICES OF
CENTRAL PENNSYLVANIA, INC.,
Defendants
CIVIL ACTION
COMPLAINT
1.
Plaintiff CENTRAL PA REHABILITATION SERVICES, IN~.
("CPARS") is a Pennsylvania corporation having an office and
place of business at 2120 Fisher Road, Mechanicsburg,
Cumberland County, Pennsylvania.
2.
Plaintiff REHAB SERVICES OF CENTRAL PA, INC. ("RSCPA") is a
Pennsylvania corporation having an office and place of business
at 2120 Fisher Road, Mechanicsburg, Cumberland County,
Pennsylvania.
3.
Defendant CENTRAL PENNSYLVANIA REHABILITATION SERVICES,
1.\'....'.111"
INC. ("CPRS") is a Pennsylvania Corporation with a registered
office at 75 Evelyn Drive, Millersburg, Dauphin County,
Pennsylvania, but whose actual office is now at 38 Pond Street,
Franklin, Massachusetts 02038.
MI\Hl IN It M,( .'\1111
4.
Defendant REHABILITATION SERVICES OF CENTRAL PENNSYLVANIA,
INC. ("RSCP") is a Pennsylvania corporation with a registered
office at 75 Evelyn Drive, Millersburg, Dauphin County,
Pennsylvania, but whose actual office is now at 38 Pond Street,
Franklin, Massachusetts.
5.
At all times relevant and material to these causes of
action, to and including February 27, 1997, Defendants operated
offices for the practice of physical, occupational and speech
therapy at 2120 Fisher Road, Mechanicsburg, Cumberland County,
Pennsylvania, and elsewhere in Dauphin and Perry Counties,
Pennsylvania.
6.
On February 28, 1997, in the Borough of Mechanicsburg,
Cumberland County, Pennsylvania, Plaintiffs and Defendants
entered into and executed an Asset Purchase Agreement providing
for the sale by Defendants and the purchase by Plaintiffs of
certain assets of Defendants used and/or acquired in their
practices of physical, occupational and speech therapy. A true
copy of said Asset Purchase Agreement and the pertinent
Schedules thereto is attached hereto and made a part hereof by
reference, marked Exhibit "A."
I^W '"11" .
MAHLlN II k1l ( 1\1111
"2-
10.
said Schedule 2.2(c) set forth the following claims of
creditors, among others, to be assumed and paid by Plaintiffs:
Commonwealth Telephone Company:
Millersburg Area Authority:
PP&L Company:
Sprint Publishing (Credit World
Services) :
$ 706.90
504.45
1,552.47
TOTAL:
2.456.50
$ 2,763.82
11.
Despite the amounts listed for the creditors on said
Schedule 2.2(c) as set forth in Paragraph 10, above, that the
actual amounts owed to those creditors as of February 28, 1997,
were as follows:
Commonwealth Telephone Company: $
Millersburg Area Authority:
PP&L Company:
Sprint Publishing (Credit World
Services) :
1,342.25
1,088.06
5,217.47
3.812.20
7,647.78
TOTAL: $
12.
Plaintiffs paid to the creditors set forth in Paragraph 11,
above, the full amount of their claims, to wit: $7,647.78,
which was $5,789.30 more than the amount shown on said Schedule
2.2(c), so that Plaintiffs could maintain the good will of, and
continue to receive the services provided, by those creditors
in the future operation of Plaintiffs' practices of physical,
occupational and speech therapy.
IliA "jll< I.,
M^,illt~ II k1l I ^Il./t
-4-
I ^".. "1110 f',
M,\HUN 14 M, I 1\, I II
13.
Subsequent to the purchase of assets on Feb~uary 28, 1997,
Plaintiffs learned of a claim by Browning-Ferris Industries in
the amount of $94.00 for medical waste disposal services
rendered to Defendants prior to February 28, 1997, and a claim
from Physicians Telephone Directory in the amount of $85.00 for
professional directory listing services rendered to Defendants
prior to February 28, 1997, which claims were not set forth on
the said Schedule 2.2(c).
14.
Plaintiffs paid the full amount of the claims set forth in
Paragraph 13, above, in the total amount of $179.00, so that
Plaintiffs could maintain the good will of, and continue to
receive the services provided by, those creditors in the future
operation of Plaintiffs' practices of physical, occupational
and speech therapy.
15.
Subsequent to the purchase of assets on February 28, 1997,
Plaintiffs were notifiea by Veritus, Inc./Medicare of a claim
against Defendants in the amount of $14,260.00 for Medicare
reimbursements overpaid to Defendants in calendar year 1994,
which claim was not set forth on said Schedule 2.2(c).
16.
Plaintiffs involuntarily paid to Medicare the sum of
-5-
$12,419.38 when Veritus, Inc./Medicare withheld that amount
from Medicare reimbursements owed to Plaintiffs and applied the
amount withheld to the obligation of Defendants as set forth in
Paragraph 15, above.
17.
Plaintiffs have demanded reimbursement and payment from
Defendants in the total amount of $18,387.68 pursuant to the
indemnification provisions of the Asset Purchase Agreement, but
Defendants have failed and refused to pay said sum or any part
thereof to Plaintiffs.
WHEREFORE, Plaintiffs demand judgment in their favor and
against the Defendants herein in the amount of $18,387.68,
together with interest and costs of suit, and reasonable
attorney fees as provided in the Asset Purchase Agreement, all
of which does not exceed the jurisdictional amount requiring
arbitration referral by Cumberland County Local Rule No. 1301-
1.
SECOND COUNT
CPARS, Plaintiff VB. CPRS, Defendant
In the alternative, Plaintiff CPARS avers the following
claim against Defendant CPRS:
18.
The averments of Paragraphs 1 through 17, inclusive, above,
-6-
are incorporated herein and made a part hereof by reference
thereto.
19.
On February 28, 1997, Defendant CPRS waR a certified
Medicare provider with a service provider number, meaning that
it was eligible for Medicare payment or reimbursement for
therapy ,services provided, even though said Defendant was no
longer able to provide such services in Cumberland, Perry and
Dauphin Counties, Pennsylvania, because of the aforesaid sale
of its assets.
20.
On February 28, 1997, Plaintiff CPARS was not a certified
Medicare provider, nor did said Plaintiff have a service
provider number, so that plaintiff was not eligible for
Medicare payment or reimbursement for therapy services to be
provided, although plaintiff CPARS had applied for
certification and expected to receive a service provider number
within a few weeks. after which said Plaintiff would then be
eligible for Medicare payment or reimbursement for thera~y
services provided.
21.
On February 28, 1997, in the Borough of Mechanicsburg,
Cumberland County, Pennsylvania, Plaintiff CPARS and Defendant
CPRS entered into and executed a Therapy Services Agreement,
-7-
whereby Plaintiff CPARS agreed to perform therapy services for
Defendant CPRS, which services would be billed to Medicare and
to co-insurance payors by Defendant CPRS under said Defendant's
service provider number. and Defendant CPRS agreed to pay to
Plaintiff CPARS for such services at the rates set forth in the
Agreement, whether or not Defendant CPRS received payment or
reimbursement from Medicare. A true copy of said Therapy
Services Agreement is attached hereto and made a part hereof by
reference, marked Exhibit "B".
22.
In reliance upon the said Therapy Services Agreement,
Plaintiff CPARS performed therapy services for Defendant CPRS
in March, 1997, having a total value, as per the rates set
forth in the Agreement, of $24,803.00, which amount was billed
to Medicare and to the co-insurance payors by Defendant CPRS.
23.
Plaintiff CPARS has received a total payment from Medicare
and/or co-insurance payors for its March, 1997, therapy
services in the amount of $11,166.31, leaving a balance due and
owing to plaintiff CPARS by Defendant CPRS in the amount of
$13,636.69.
24.
Despite repeated demands therefor, Defendant CPRS has
failed and refused to pay to Plaintiff CPARS said sum of
l.'N .'111' I
M^Hl.It.l 11 M. I ,\1 Fit
-8-
f-
.
$13,636.69, or any part thereof.
WHEREFORE, Plaintiff CPARS demands judgment in its favor
and against the Defendant CPRS herein in the amount of
$13,636.69, together with interest and cost of suit, which
amount does not exceed the jurisdictional amount requiring
arbitration referral by
Cumberland County Local Rule No. 1301-
~ik(J~
Marlin R. Mccaleb
Attorney I.D. No. 06353
219 East Main Street
P.O. Box 230
Mechanicsburg, Pennsylvania 17055
(717) 691-7770
FAX: (717) 691-7772
Attorney for Plaintiffs
1.
Date:
(JhJd6-
, 1997
.3
1.\W flllH ",
M^'lllt~ " M, (-^llll
-9-
VERIFICATION
RICHARD M. TRIBBITT certifies and states as follows: that
I am the President of CENTRAL PA REHABILITATION SERVICES, INC.,
a corporation, one of the Plaintiffs in the foregoing
Complaint; that as such President and being authorized so to
do, I do make this affidavit on behalf of the said corporation;
and that the facts set forth herein true and correct to the
best of my knowledge, information and belief.
I understand that false statements herein are made subject
to the penalties of 18 Pa.C.S., Section 4904, relating to
unsworn falsification.
Date:
;',' .,,1/7 , 1997
;'
I Aw 111110 I',
MA'"lt,14 MIII\IIII
-10-
-
ASSET PURCHASE AGREEMENT
THIS AGREEMENT made and entered into this ~~day of
February, 1997, by and between CENTRAL PENNSYLVANIA
REP.ABILITATION SERVICES, INC. ("CPRS") and REHAB SERVICES OF
CENTRAL PENNSYLVANIA, INC. ("RSCP"), both being Pennsylvania
corporations, parties of the first part, hereinafter collectively
referred to as "Sellers", and RICHARD M. TRIBBITT and VICKY L.
TRIBBITT, his wife ("Tribbitts"), parties of the second part, and
CENTRAL PA REHABILITATION SERVICES, INC. ("CPARS") and REHAB
SERVICES OF CENTRAL PA, mc. ("RSCPA"), both being Pennsylvania
Close Corporations, parties of the third part, hereinafter
collectively referred to as "Purchasers", witnesses that:
WHEREAS, Sellers own and operate offices for the practice of
physical therapy, occupational therapy and speech therapy in
Millersburg, Mechanicsburg and Shermans Dale, Pennsylvania
("Clinics"); and
WHEREAS, Sellers entered into a cer~ain Letter of Intent
daced February 6, 1997, with Tribbitts for the sale by Sellers
and the purchase by Tribbitts of the assets of those Cl~nics; and
WHEREAS, Tribbitts have assigned most of their rights and
obligations in and under the said Letter of Intent to Purchasers,
exceot for their obliaation to assume those liabilities of
Sellers that are owed-to Tribbitts, which said obligation they
expressly recain without merger and agree to immediately convey,
togecher with good will, to Purchasers at Closing. Sellers shall
have no responsibil~:y or liability for the conveyance from
Tr~bbitts to Purchasers as described in the preceeding sentence,
except that for the convenience of the parties and to save
additional documentation and closing coscs, the parties agree
thac Sellers shall convey all assets and liabilities assumed
directly to Purchasers at Closing; and
WHEREAS, Seller and Purchasers have come to an aareement
upon the final terms and conditions of sa~d sale and purchase of
assets and wish to document said terms and condit~ons as more
fully set forth herein.
NOW, THEREFORE, in consideration of the foregoing, as well
as in consideration or the mutual promises, covenants and
agreements hereinaf~er see forth, the par~ies hereto covenant and
agree as follows:
SECTION 1. SUBJECT MATTER.
1.1 At the Closing, Sellers shall sell, grant, convey,
transfer, assign and deliver to Purchasers, upon the terms and
subject to the conditions of this Aareement, free and clear of
all liens, encumbrances and charges~excepc as specifically set
EXIlIBIT "A"
forth in this Agreement, the following assets of CPRS and RSCP:
(a) all of the furniture, equipment, fixtures and leasehold
improvements owned by Sellers and located at the
Clinics as of dace of Closing, including but no~
limited to the items set forth on Schedule 1.1(a)
attached hereto;
(b) all accounts receivable owed to and owned by Sellers as
of the date of Closing, including accounts for services
rendered but not yet billed as of date of Closi~g, as
set forth on Schedule 1.1(b);
(c) all supplies and inventories located at the Cli~ics as
of the dace of Closing;
(d) all patient lists of the Clinics as of the date of
Closing;
(e) all contracts for services to be performed as c: the
date of Closing and all provider numbers of Sel:ers,
except for the Medicare provider number of CPRS. as set
forth on Schedule 1.1(e) attached hereco.
(f) all existing leases for the Clinics;
(g) telephone numbers and yellow pages advertising;
(h) consent to the use of corporate names similar t=
Sellers;
(i) covenants not to compete as set forch in Sectic~ 8,
below.
1.2 At the Closing, Purchasers shall purchase frcm Eellers,
upon the terms and subject to the conditions of this Agres~ent,
and in reliance upon the representations and warranties =:
Sellers in this Agreement and the exhibits or schedules a::ached
hereto, the assets co be acquired as aforesaid, and, as
consideration therefor. shall pay to Sellers the purchase ~rice
as more fully set forth in Section 2, below. .
1.3 This is an Agreemenc only for the acquisition c:
certain of Sellers' assets as enumerated herein, includi~=
accounts receivable, but does not include Sellers' cash c~ hand,
which shall remain the sole and separate property of Sel:srs.
Except as provided in Paragraph 2.2(c), below, all liabi:~:ies
and'obligations of Sellers, whether known or unknown, dire=: or
contingent, in litigation or threatened cr not yet asser:sd but
attributable to services rendered or purchased by or prcd~=:s
sold or purchased by Sellers prior to the Closing, are a~= shall
-2-
EXHIBIT "^"
remain the responsibility of Sellers. Without limiting the
generality of the foregoing, specifically retained by Sellers are
any liabilities of the Sellers with respect to any federal,
state, local or foreign income, franchise, payroll or other taxes
imposed upon the Sellers, any obligation of Sellers for any
employee grievance pending at the Closing date, any obligations
of Sellers arising out of any litigation pending at the Closing
date, or any claim by Richard's Healthcare for services rendered
before the Closing date, for all of which Sellers shall remain
responsible. In no event shall Purchasers assume or incur any
liability or obligation with respect to any income or other tax
payable by Sellers incident to or arising as a consequence of the
consummation by Sellers of this Agreement, or any cost or expense
incurred by Sellers incident to or arising as a consequence of
such consummation of the negotiations in connection with this
Agreement.
SECTION 2. CONSIDERATION.
2.1 The full purchase price and consideration for this sale
and purchase of assets shall be the sum of $1,050,000.00, plus
Purchasers' assumption of certain of Sellers' liabilities as more
fully enumerated and identified in Schedule 2.2(cl attached
hereto and made a part hereof, all of which shall be allocated
among the assets to be acquired as follows:
(a) AS$ets of CPRS:
(1) equipment, furniture, fixtures:
(2) accounts receivable:
(3) supplies and inventories:
(4) good will and covenant not
to compete:
(5) liabilities assumed:
$ 556,000.00
275,000.00
2,000.00
145,000.00
1'35.000.001
$ 843,000.00
Total:
(b) Assets of RSCP:
(1) accounts receivable:
(2) good will and covenant not
to compete:
S 125,000.00
82.000.00
$ 207,000.00
Total:
(c) Assets of Tribbitts:
(1) good will: $ 100,000.00
(2) liabilities assumed (owed by
Sellers to Tribbitts): 1100.000.001
Total: 0.00
2.2 Said purchase price and consideration shall be paid by
.3.
EXHIBIT nAn
Purchasers to Sellers at Closing as follows:
(a) an amount equal to $900,000.00 less the total amount,
if any, of all funds advanced by Tribbitts to Sellers
during February, 1997, for operating expenses for the
Clinics, as well as rent and interest owed to Tribbitts
for the month of February and maintenance expenses owed
to Buildings & Grounds for the month of FebLuary, all
as set forth in Schedule 2.2 (a) (which funds are hereby
credited against the cash portion of the purchase
price), to be paid in cash to or at the direction of
Sellers by bank wire transfer, certified check,
cashier's check or attorney's trust or escrow account
check.
(b) the execution and delivery to Sellers of a promissory
note in the principal amount of $150,000.00, with
simple interest at the rate of 9% per annum, monthly
payments of at l.east $2,413.36 amortized over 7 years,
and a balloon payment after five years, as provided in
the amortization schedule attached hereto as Schedule
2.2 (b);
(c) Purchasers' written assumption of Sellers' liabilities
to the extent and only as set forth in Schedule 2.2(c)
attached hereto and made a part hereof, and no others.
Purchasers' assumption hereunder is expressly limited
to the creditors and amounts as set forth on Schedule
2.2(c). Amounts in excess of that set forth on
Schedule 2.2(c) for a particular claim, or claims not
included in Schedule 2.2(c), and the entire amount of
any claim by Richard's Healthcare, shall remain the
liability of Sellers, who hereby agree to indemnify and
save Purchasers harmless therefrom in accordance with
Paragraph 10.2, below;
(d) Purchasers' written assumption of the existing leases
for. the Clinics.
2.3 As security for the prompt payment of the promissory
note from Purchasers to Seller herein, Purchasers hereby grant to
Sellers a present and continuing security interest in all of
Purchasers' accounts receivable, whether acquired hereby or
generated after Closing. Purchasers will execute and deliver to
Sellers financing statements, together with other information,
documents or copies as may be necessary to perfect Sellers'
security interests against the rights or interests of third
persons, except that Sellers' security interests may be
subordinate to any similar security interest required by
Community Banks, N.A., in lending funds to Purchasers to complete
this transaction but Sellers security interests shall never be
.4-
EXHIBIT "A"
subordinate to any security interest greater than the aggregate
amount borrowed by Purchasers from Community Banks, N.A. on the
date of Closing.
SECTION 3. CLOSING.
3.1 The Closing of this sale and purchase of assets shall
be held on February 28, 1997, at or about ll:30 o'clock A.M., at
the offices of Marlin R. McCaleb, Esquire. 219 East Main Street,
Mechanicsburg, Pennsylvania.
3.2 At the Closing, Sellers shall deliver to Purchasers
such bills of sale, endorsements, assignments and other good and
sufficient instruments of conveyance and transfer, in form and
substance reasonably satisfactory to Purchasers' counsel, as
shall be effective to vest in Purchasers all of Sellers' right,
title and interest in and to the assets to be acquired. The
assignments shall include an assignment of all contracts for
services and provider numbers as set forth in Schedule 1.1(e)
attached hereto and made a part hereof. To f.acilitate the
assignment of accounts receivable, the parties shall enter into a
Collection Agreement at Closing that will provide for the
disposition of accounts receivable represented by checks or other
drafts payable to Sellers.
3.3
purchase
hereof.
At the Closing, Purchasers shall pay to Sellers the
price and consideration in accordance with Section 2
3.4 At or prior to the Closing, Sellers shall deliver all
necessary releases of liens and Uniform Commercial Code
termination statements in forms reasonably acceptable to
Purchasers' counsel so that Sellers' title to the assets to be
acquired is in conformity with Paragraph 4.3 hereof.
, 3.5 At the Closing Sellers shall assign to Purchasers all
of Selle=s' rights, title and interests as tenants in and under
the existing leases for the Clinics and Purchasers shall assume
and pay the rent accruing under said leases from and after the
date of Closing. Sellers shall be released from further
obligation under the leases held by Tribbitts. Sellers shall
also be released from the lease for the Shermans Dale office or
Purchasers hereby agree to indemnify and save Sellers harmless
from any liability thereunder in accordance with Paragraph 10.3,
below.
SECTION 4. REPRESENTATIONS AND WARRANTIES OF SELLER.
To the best of their knowledge and belief, Sellers represent
and warrant as follows:
-5.
EXHIBIT "A"
4.1 Each Seller is a corporation duly organized, validly
existing and in good standing under the laws of the Commonwealth
of Pennsylvania, each has the corporate power and authority to
own its properties and assets and to carry on its business and
each has the corporate power to enter into this Agreement and to
carry out its obligations hereunder.
4.2 This sale and purchase of assets, and the terms and
conditions of this Agreement, have been approved by the
shareholders and the Boards of Directors of CPRS and RSCP.
4.3 Sellers own outright, and have good and marketable
title to, all of the assets to be acquired hereunder free and
clear of all liens, pledges, mortgages, security interests,
conditional sales contracts or other encumbrances or conflicting
claims of any nature whatsoever, except only certain claims and
liens in favor of Tribbitts as more fully set forth in a certain
letter agreement dated January 22, 1997, and Sellers shall be
released from liability on all such claims and liens in f~vor of
Tribbitts at Closing.
4.4 Sellers have filed or will cause to be filed all
federal, state and local income, unemployment and payroll
withholding tax returns and reports of the Sellers due as of date
of Closing and have paid or caused to be paid all taxes or
assessments of taxes due as of date of Closing, except taxes or
assessments that are being contested in good faith and which have
been adequately reserved against (with proof of such reserves
having been given to Purchasers). Such returns may not have been
audited and Sellers have received no notice of, and to the
knowledge of Sellers there is no, pending or threatened
proceedings or claims by any governmental agency for assessment
or collection of taxes from Sellers. All such returns that have
been filed and provided or displayed to Purchasers are true,
complete and accurate, have been prepared on the same basis as
that of previous years and in accordance with all applicable
laws, regulations and requirements, and accurately reflect the
taxable income (or other measure of tax) of Sellers.
4.5 There is no dispute, claim, action, suit, proceeding,
arbitration or governmental investigation, either administrative
or judicial, pending, or to the knowledge of Sellers, threatened
against Sellers, their Clinics or the assets being acquired by
Purchasers, and Sellers are not in default with respect to any
order, writ, injunction or decree of any court or governmental
department, commission, board, bureau, agency or instrumentality,
which involves the possibility of any judgment or liability which
may result in any material adverse change in the financial
condition of Sellers, their Clinics or the assets being acquired
by Purchasers.
-6-
EXHIBIT "A"
4.6 Sellers are not parties to any debenture, note,
conditional sale, loan or other borrowing agreement with respect
to their Clinics or any of the assets used therein, including but
not limited to the assets being ac~uired pursuant to this
Agreement, except as provided in Paragraph 4.3, above.
4.7 Sellers neither own, have in existence, have any rights
or interest in or to, nor use in their Clinics:
(a) any trademark, registered trade or registered .
fictitious name or any copyright, invention, letters
patent or application for letters patent;
(b) any equipment lease by which Sellers lease from any
person or entity any of the equipment, apparatus,
furniture, fixtures or other personal property being
conveyed hereunder (except that to the extent there is
a lease for the copier it is being assigned to
Purchasers);
(c) any agreement or other arrangement under which the
Sellers have agreed or are obligated to render services
at any time after the Closing date, except for
contracts being conveyed hereunder as set forth in
Schedule 3.2;
4.8 Sellers are not subject to any judgment, order, writ,
injunction or decree which materially adversely affects, or, so
far as the Sellers can now foresee, may in the future materially
adve~sely affect the Clinics or the assets being acquired by
Purchasers hereunder.
4.9 Sellers have complied with and are not in default
under, or in violation of, any law, ordinance, rule, regulation
or order (including, without limitation, any environmental,
zoning, safety, health or price or wage control law, ordinance,
rule, regulation or order) applicable to their Clinics as
presently constituted which materially adversely affects, or, so
far as the Sellers can now foresee, may in the future materially
adversely affect their Clinics or the assets being acquired by
Purchasers hereunder.
4.10 No representation or warrant)' by Sellers in this
Agreement or in any other exhibit, list, certificate or document
delivered pursuant to this Agreement, contains or will contain at
Closing any untrue statement of material fact or omits or will
omit to state any material fact necessary to make any statement
herein and therein not misleading.
4.11 All financial information, including but not limited
to records of liabilities, furnished by Sellers to Purchasers on
-7-
EXHIBIT nA"
or before the date of Closing are true, complete and accurate a~
of the date that they were prepared, and are in accordance with
the books and recorns of Sellers as of the date when they were
prepared.
4.12 As of the date of Closing, with respect to any
pension, profit-sharing, stock bonus, stock option, employment or
severance agreements, deferred compensation plan, or other
employment plan (" Plan") maintained by or on behalf of Sellers
for the benefit of Sellers' employees: (a) are in substantial
compliance with the Employee Retirement Income Security Act of
1974, as amended and the regulations promulgated thereunder
("ERISA") and the Internal Revenue Code (" IRC"); (b) Sellers have
not engaged in any activity with respect to any such plan that
could subject Sellers to any tax or penalty imposed under ERISA
or the IRC; (c) no event has occurred and there exist no
conditions or set of circumstances in connection with which
Sellers could be, directly or indirectly, subject to any material
liability under ERISA, the IRC or any other law, regulation or
governmental order; (d) there is no material pending or
threatened litigation relating to any Plan; (e) no Plan has been
terminated, no filing for termination has been made by Sellers,
and no proceeding has been initiated by the Pension Benefit
Guaranty Corporation ("PBGC") to terminate any such Plan, and
sellers have not incurred and do not reasonably expect to incur
any liability, directly or indirectly, with respect to any Plan
termination, whether by the PBGC or otherwise; (fl all
contributions required to be made under the terms of any Plan, as
of the date of Closing, have been timely made, or if nct due
until after the date of Closing will be timely made; and (g) the
consummation of the t~ansactions contemplated by this Agreement
will not result in any liability of Sellers with respeCt to any
such Plan.
4.13 There have been no amendments to the Articles of
Incorporation or the By-Laws of Sellers since March 31, 1993.
4.14 The total amount of all liabilities of Sellers for
which Sellers remain liable as provided in Paragraph 1.3, above,
does not exceed the sum of $1,100,000.00 being paid by ?urchasers
to Sellers as provided in Paragraph 2.1, above.
SECTION 5. REPRESENTATIONS AND WARRANTIES OF PURCHASER.
5.1 Each Purchaser is a corporation duly organized, validly
existing and in good standing under the laws of the Commonwealth
of Pennsylvania, each has the corporate power and authority to
own its properties and assets and to carryon its business and
each has the corporate power to enter into this Agreement and to
car~1 out its obligations hereunder.
-8-
EXHIBIT "A"
5.2 This sale and purchase of assets, and the terms and
conditions of this Agreement, have been approved by the
shareholders of CPARS and RSCPA.
5.3 This Agreement and the Note described in parag.aph
2.2(b), above, do not violate or breach the Articles of
Incorporation or the By-Laws of Purchasers. This Agreement
constitutes, and the Note when issued will constitute, the legal,
valid and binding obligations of Purchasers, enforceable in
accordance with their terms, except as enforceability may be
limited by bankruptcy, reorganization, insolvency or other laws
affecting creditors rights generally or equitable principles of
specific performance.
5.4 Purchasers hereby agree to indemnify and save Sellers
harmless from any liability for the liabilities being assumed by
Purchasers as set forth in Paragraph 2.2(c), above, in accordance
with Paragraph 10.3, below.
SECTION 6. CONDITIONS PRECEDENT TO PURCHASERS' OBLIGATIONS.
All obligations of the Purchasers under this Agreement are
subject to the fulfillment, prior to or at the Closing, of each
of the following conditions unless otherwise waived in writing by
Purchasers:
6.1 Sellers' representations and warranties contained in
this Agreement or in any list, certificate or document delivered
pursuant to the provisions hereof shall be true at and as the
time of Closing.
6.2 Sellers shall have performed and complied with all
agreements and conditions required by this Agreement to be
performed or complied with by them prior to or at the Closing.
6.3 There shall not have been a material adverse change,
occurrence or casualty in or to the assets being acqui=ed
hereunder, whether covered by insurance or not.
6.4 Sellers shall have delivered to Pu=chasers the
documents and other items described in Paragraphs 3.2, 3.4 and
3.5 hereof.
,6.5 Sellers shall have delivered to Purchasers true
copies, certified by the corporate secretaries, of the
resolutions of the shareholders and of the Boards of Directors of
CPRS and RSCP approving and authorizing this transaction and of
the Articles of Incorporation and the By-Laws of CPRS and RSCP as
the same are in force on the date of Closing.
6.6 Sellers shall have delivered to Purchasers the written
.9-
EXHIBIT "A"
certificates of the corporate secretaries identifying the
directors and shareholders of CPRS and RSCP as of the dates of
the resolutions described in Paragraph 6.5, above, and the
officers of CPRS and RSCP as of the date of Closing.
6.7 Sellers shall have delivered to Purchasers the written
certificates of the Presid~nts of CPRS and RSCP confirming the
satisfaction of the conditions set forth in Paragraphs 6.1, 6.2
and 6.3, above.
6.8 There shall not be any pending, or to the knowledge of
Sellers, threatened action, proceeding or investigation by or
before any court, arbitrator, governmental body or agency which
shall seek to restrain, prohibit or invalidate the transactions
contemplated hereby or which, if adversely determined, would
result in a breach of a representation, warranty or covenant by
either party herein.
. 6.9 Sellers shall have delivered to Purchasers a favorable
written opinion of Sellers' counsel, dated as of the closing
date, addressed to Purchasers.
SECTION 7. CONDITIONS PRECEDENT TO SELLERS' OBLIGATIONS.
All obligations of the Sellers under this Agreement are
subject to the fulfillment, prior to or at the Closing, of the
following conditions:
7.1 Purchasers' representations and warranties contained in
this Agreement shall be true at and as of the time of Closing.
7.2 Purchasers shall have performed and complied with all
agreements and conditions required by this Agreement to be
performed or complied with by them prior to or at the Closing.
7.3 Purchasers shall have paid the purchase price to
Sellers as described in Section 2, above, including without
limitation payment of the cash portion of the purchase price and
execution and delivery of the note and related financing
statements pertaining to the balance of the purchase price.
7.4 Purchasers shall have delivered to Sellers true
copies, certified by the corporate secretaries, of the
resolutions of the shareholders of CPARS and RSCPA approving and
authorizing this transaction ~nd of the Articles of Incorporation
and the By-Laws of CPARS and RSCPA as the same are in force on
the date of Closing.
7.5 Purchasers shall have delivered to Sellers the written
certificates of the corporate secretaries identifying the
shareholders of CPARS and RSCPA as of the dates of the
-10-
EXHIBIT "A"
resolutions described in Paragraph 7.4, above, and the officers
as of the date of Closing.
7.6 Purchasers shall have delivered to Sellers the written
certificates of the Presidents of CPARS and RSCPA confirming the
satisfaction of the conditions set forth in Paragraphs 7.1 and
7.2, above.
7.7 There shall not be any pending or threatened action,
proceeding or investigation by or before any court, arbitrator,
governmental body or agency which shall seek to restrain,
prohibit or invalidate the transactions contemplated hereby or
which, if adversely determined, would result in a breach of a
representation, warranty or covena~t of either party herein.
7.8 Purchasers shall have delivered to Sellers a favorable
wri~ten opinion of Purchasers' counsel, dated as of the Closing
date, addressed to Sellers.
SECTION 8. COVENANT NOT TO COMPETE.
8.1 In consideration of that portion of the purchase price
allocated to these covenants, Sellers, Consolidated Health Care
Associates, Inc. ("CHCA"), PTS Rehab, Inc. ("PTS") and Robert M.
Whitty, individually, agree that for a term of 5 years after the
date of Closing, they will not engage directly or indirectly,
whether individually or in partnership or in conjunction with any
other person, firm, association, syndicate or corporation, as
principal, agent, shareholder, employee, officer, director,
consultant or in any manner whatsoever, in the conduct or
operation of an office for the practice of physical therapy,
occupational therapy or speech therapy within 25 miles of the
Millersburg, Mechanicsburg or Shermans Dale offices of
Purchasers.
8.2 The parties agree that the limitations set forth in
Paragraph 8.1, above, are reasonable in time and geographic
scope, and if any provision thereof is held invalid or
unenforceable, the remainder shall nevertheless remain in full
force and effect. In part~c~lar, Sellers, CHCA, PTS and Robert
M. Whitty agree that if any court of competent jurisdiction shall
determine that the duration or geographical limit of the
foregoing non-competition covenant is invalid or unenforceable,
it is the intent~on of the parties that it shall not be
terminated thereby but shall be deemed to be amended to the
extent required to render it valid and enforceable, such
amendment to apply only with respect to the jurisdiction of the
court making such adjudication.
8.3 Sellers, CHCA, PTS and Robert M. Whitty further
acknowledge and agree that any violation of any of the covenants
-11-
EXHIBIT "A"
of this Section 8 would cause substantial and irreparable injury
to Purchasers, whereupon Sellers, CHCA and PTS, and Robert M.
Whitty, jointly and severally, may be enjoined from any breach or
threatened breach thereof, in addition to, but not in limitation
of, 'any other rights or remedies to Purchasers are or may be
entitled to at law or in equity or under this Agreement or
otherwise.
8.4 CHCA, PTS and Robert M. Whitty join in the execution of
this Agreement for the purpose of accepting and agreeing to all
terms and conditions of this Section 8 and to be bound thereby.
SECTION 9. BULK SALES.
9.1 Sellers shall furnish Purchasers with a list of
Sellers' existing creditors signed and sworn to by Sellers,
containing the business address and amount due to each creditor.
Sellers shall provide Purchasers with a written opinion of
Sellers' cuunsel that the bulk sales provisions of Massachusetts
law (M.G.L.A. c. 106, 55 6-101 et seq.) do not apply to this
transaction, setting forth the reasons therefor and the legal
authorities relied upon.
9.2 Prior to closing, Sellers have prepared and cau~ed to
be filed Form REV-181, Application for Tax Clearance Certificate,
with the Pennsylvania Department of Revenue and the Pennsylvania
Department of Labor and Industry, for all corporate income,
unemployment compensation and payroll withholding taxes. Sellers
shall pay all taxes determined by either Department to be due and
owing by Sellers and Sellers hereby agree to indemnify and save
Purchasers harmless from the same in accordance with Paragraph
10.2, below.
SECTION 10. INDEMNIFICATION.
10.1 All representations, warranties and agreements made by
Sellers and Purchasers in this Agreement or in any document or
certificate delivered pursuant hereto shall be deemed and
construed to survive the Closing.
, 10.2 Sellers shall defend, indemnify and hold Purchasers
harmless from and against any and all liabilities and obligations
of, or claims against, Sellers and all actual or potential
claims, demands, liabilities. damages, losses and out-of-pocket
expenses including reasonable attorneys and accountants fees,
whether or not reduced to judgment, order or award, caused by or
arising out of the breach of any,agreement of or any
representation or warranty or indemnification made by Sellers in
this Agreement or in any exhibit, list, certificate or document
delivered by Sellers pursuant hereto, excepting only for those
liabilities expressly assumed by Purchasers as provided in
-12.
EXHIBIT "A"
Section 2, above.
10.3 Purchasers shall defend, indemnify and hold Sellers
harmless from and against all actual or potential claims,
demands, liabilities, damages, losses and out-of-pocket expenses
including reasonable attorneys and accountants fees, caused by or
arising out of the breach of any agreement of or any
representation or warranty or indemnification made by Purchasers
in this Agreement or in any exhibit, list, certificate or
document delivered by Purchaser pursuant hereto, including those
liabilities expressly assumed by Purchasers as provided in
Section 2, above.
10.4 Promptly after receiving notice of a claim, or service
of process by or from any third person in any litigation, in
respect of which indemnity may be sought from the other party
pursuant to this Section 10, the party so served or notified
shall notify the indemnifying party of the claim or the
commencement of such litigation and the indemnifying party shall
be entitled to assume the defense thereof at its expense with
counsel of its own choosing. The indemnifying party shall not
settle or compromise any claim without the consent of the party
to be indemnified.
10.5 If and to the extent that any party, after compliance
with the terms of Paragraph 10.4, above, is required to pay any
claim, liability or expense for which it is indemnified against
by another party as provided in Paragraph 10.2 or 10.3, above,
the indemnified party shall have the right of set off of such
payment, dollar for dollar, against any any amounts owed by it to
the indemnifying party, including with respect to Purchasers any
amounts of principal and/or interest owed by them to Sellers
under the promissory note described in Section 2, above. This
right of set off shall be in addition to, but not in limitation
of, any other rights or remedies that Purchasers may have against
Sellers at law or in equity, or under this Agreement or
otherwise.
10.6 All obligations for indemnification shall terminate on
the tenth anniversary of this Agreement, except with respect to
any claims then pending, unless otherwise mutually agreed.
SECTION 11. POST-CLOSING MATTERS.
11.1 At the request of Purchasers from time to time,
sellers will execute and deliver such further reasonable
instruments and will take such other reasonable action more
effectively to consummate the transactions contemplated by this
Agreement and to put Purchasers into ownership, possession and
control of all of the assets being acquired hereunder to the
exclusion of all others whose claims may have arisen prior to the
-13-
EXHIBIT "A"
Closing date.
11.2 Sellers shall be responsible for all present or future
litigation and claims for injury and related expenses arising out
of their operation of the Clinics up to the time of Closing, and
Sellers shall be responsible for all claims for injury arising
out of services rendered by them or their agents and employees
prior to the Closing date. Sellers shall direct or control, or
continue to direct or control, as the case may be, the conduct of
such litigation. Purchasers shall cooperate with any reasonable
requests of the Sellers or their attorneys in the defense of such
litigation, including the availability of records, books or other
documents included in the assets to be acquired hereby. To the
extent that testimony of Purchasers' employees is necessary,
Purchasers shall make them available consistent with the needs of
the business and shall be reimbursed for all out-of-pocket
expenses incurred by Purchasers or individual employees and pro-
rata salaries and payroll costs for the time such employees
devote to complying with the requests of sellers hereunder.
11.3 Purchasers shall have no liability for, and Sellers
agree to defend, indemnify and hold the Purchasers harmless with
respect to any claims for wages or otherwise arising out of
services rendered prior to the Closing date by any persons
employed prior to the Closing by Sellers, in accordance with
Paragraph 10.2, above. Sellers shall have no liability for, and
Purchasers agree to defend, indemnify and hold the Sellers
harmless with respect to any claims for wages or otherwise
arising out of services rendered from and after the Closing date
by any persons employed from and after the Closing by Purchasers,
in accordance with Paragraph 10.3, above. An employee of Sellers
who participated in any Plan described in Paragraph 4.12, above,
shall have the rights, upon termination of employment with
Sellers, as provided in that Plan, including, to the extent
permitted by the Plan, ERISA and the IRC, the right to rollover
any lump sum distribution in the Plan into another plan in which
the employee is then a participant (if permitted by the other
Plan) .
11.4 Upon receipt of a Tax Clearance Certificate as
described in Paragraph 9.2, above, Sellers shall immediately
provide Purchasers with a true copy of same.
, 11.5 Sellers shall arrange with Capital Healthcare
Financing I"Capital") for the termination of the Intercreditor
Agreement dated January 22, 1997, between Capital on the one part
and Tribbitts on the other part.
11.6 In the event of a default in payment by CPRS of any
amount owed by it under a Therapy Services Agreement of this same
date, between CPRS and CPARS, or under a Lease Agreement of this
-14-
EXHIBIT "An
same date, between CPRS and Tribbitts, Purchasers shall have the
right of set off, dollar for dollar, against any amounts of
principal and/or interest owed by them to Sellers under the
promissory note described in Section 2, above.
SECTION 12. MISCELLANEOUS.
12.1 This Agreement shall be governed by, and construed and
enforced in accordance with, the laws of the Commonwealth of
Pennsylvania and any actions to enforce, or to recover damages
for the breach of, any of the terms and conditions hereof shall
be brought only in the state or federal courts of Pennsylvania.
12.2 Each party hereto shall pay its own expenses
incidental to the preparation of this Agreement and the
consummation of the transactions contemplated hereby.
12.3 This Agreement shall not be assignable by either party
without the prior written approval of the other party. To the
extent assignable, this Agreement shall be binding upon, and
inure to the benefit of, the Purchasers and their successors and
assigns and the Seller and their successors and assigns.
12.4 Any notice, communication, demand or other writing (a
"notice") required or permitted to be given, made or accepted by
any party to this Agreement shall be given by personal delivery
or by depositing the same in the United States mail, properly
addressed, postage prepaid and registered or certified with
return receipt requested. A notice given by personal delivery
shall be effective upon delivery and a notice given by registered
or certified mail shall be deemed effective on the second day
after such deposit. For purposes of notice, the addresses of the
parties shall be, until changed by a notice given in accordance
herewith, as follows:
If to the Purchaser:
Central PA Rehabilitation Services, Inc.
75 Evelyn Drive
Millersburg, PA 17061
Rehab Services of Central PA, Inc.
75 Evelyn Drive
Millersburg, PA 17061
With a required copy to:
Marlin R. McCaleb, Esquire
219 East Main Street
P.O. Box 230
Mechanicsburg, PA 17055
-15-
EXHIBIT "A"
.
If to the Seller:
Central Pennsylvania Rehabilitation Services, Inc.
c/o Consolidated Health Care Associates, Inc.
38 Pond Street
Franklin, MA 02038
Rehab Services of Central Pennsylvania, Inc.
c/o Consolidated Health Care Associates, Inc.
38 pond Street
Franklin, MA 02038
With a required copy to:
Blake J. Godbout, Esquire
DiMaria & Godbout
15 Broad Street
Boston, MA 02109
, 12.5 This document states the entire agreement reached
between the parties hereto with respect to the transactions
contemplated hereby and supersedes all prior or contemporaneous
agreements, understandings, representations and warranties
between the parties, and may not be amended except by written
instrument executed by the parties hereto.
IN WITNESS liHEREOF, the parties have caused this Agreement
to be executed the day and year first above written, intending
thereby to be legally bound.
CENTRAL PENNSYLVANIA REHABILITATION SERVICES, INC.
By: ?.....# .AI A/..4I'
Robert~~~hitty
President
"
REHAB
SERVICES OF CENTRAL
~/It~
Robert M. Witty
President
PENNSYLVANIA, INC.
"
By:
E ASSOCIATES, INC.
By:
Robert M. W '
President
-16-
EXHIBIT "A"
.
PTS
REHAB, INC.
"?J.l4~
Robert M. W tty
President
By:
/~d~
Robert . Whitty
(indi idually)
(Robert M. Whitty executes this Agreement only
for. the purpose of accepting the terms and conditions of
8 and is not obligated under the provision of any other
Section. )
(SEAL)
Section
INC.
By:
By:
INC.
REHAB
/"
)/ "
I" tL'
-
/'
I
, ,.
/ I '-j;~;1?i-
Richar M. Tr~bbitt
( indi,fidually)
,--
i ---- .
J., !;(, /t.,~,~
Vicky L. T:ibbitt
(indi viduallyl
(SEAL)
(SEAL)
-17-
EXHIBIT "l1"
~ ,. ',/ .
'e-..w~,iJ"'l'~1I\N !~.- I ,r I I!
';.""..H,:" - -, '-r-~. -' ! '
iif;==3~~I_"_~s,~,~:: ~~;:L~~ ~::,
kNnoKl'i ~. i.---1 i .HI 41_, -~-oO'
~/:.'tJ~. I "Ii . ll:lL t .~- q~;:~.
rw.,.-...v;;.n._-_1.!~ - iUii, ..... \lo.-IntIU~2'o.w'.~
1"IllAiiMG .--.r----....~-..r44~ ~-Wlii~-~;--"".oM.----i
;I~~~-~. . . .~lfI!_.~U!6]! _____...L~H!J~i]~>!...... ffe~ ~_C--.J
,dlf "'11M" 'h......., .... ..... ' , - L.... J" ... \AI '__.------.J
'Amnt...,. ..... t .-- ..-- ~fn.~ISMt;; -'-~--rHhOl~
re..;.m.-~ ,. - -~ -r--nt6t--....... I I SiiiWw., r,'Unl
~iO.... "!tfl'l. !'!Y~_____ ....60, ------n.~ ,no.;;-to.1~io01;"'"
~~eM"'T~I:"G I lOliO - , ~.r.!-~-w.7--HUU,
rer;~-Q4J'A.~- ~UI ' "....it-eM..1 ..08aitl
1'(000' E"'--~
'I ~
enlOlo4ateclCO/MUlOUIlQl1. no, . .J!!.O-TOltl I .f.", !Sr-
'C~~lI'I' ~' SSI 0' I IlfOoI - ,
"G,ltI t<- . 1 urnl
~~~..- is
"'S~!aci~;;Z: i ulOO
,,,In.IC..-nn1M
~1.o)i~M,01 IM-'~
~;n.I..ond.- -
"D.',vv:I'Ju-.\lClliU ....SO
'0---" ---- - . io
.,:!;:~.- un
fiK'tilCRxft~~i'- -s.oil+-
"'1""""-':" - ~'f16
T.~'""""1,id.i1QH._elt \00
l""'H~- -- ----W.t
~!!I"H'M1_!.i'*MlI'lC liUt I
~:t~-$~ -1')!
HiH!~~
~.iGni.-
HlII'encI~
1t"'"Onr.o
,1I1.t..vt.o 1Mu~!l
'~~I!I.rnllr:'C
L......JICal.
'......~.
Y.~"0d9' E~_~
K~~~!1,~~n
1,1... Don.
;M..~tI~_~..~uV'IOn.!1
"""'C'!i All'" ...",~~
NorVI~OUIMIOCAi
"Oi!l'rp
"PP-9L
',s,nc'!1.nITN
-pr..~.OnIeiproJuCll
:U~.im.nl" R~a\.Ol"-.:II LrMi
1,l.....anP.I.non
N'i.On~
Pill;'
~Ot"'
pilnOl-N...:~o
II", l!~ .
_-In, j.tn~~..i:ltem
R,Ien..-l'''''-- ---"--
FfoC1Vl'llliIMUllr\I-.
1t~Um'-
Ro/1tm'lVl
l,,-~lrulW'lt..51...,n
5- - -so-a. - :iHllli
1"::;;;" ~.. - lBs
-ACit.,ii!Q;Ui~ 1~
r~t,leooc.ai 91n.
1-~I~~i l~M-M
l""1flActw'R'~ )02",
hi'" "I ,iSh
-tr:::!~et1'!~IOUO 2"-.2
.rll'llliiN.On....naR~il;;-lfIC-- __.~_~~.~i~_
S""'lnN'!l"~~}, _~- "_'__~'-_____ __.
T".,.~J~" l1Hl
liitc."-- H_ --- ,jQ?6!a
v,u.,ff!btio,,_ -tHf
R.cNtQ tncil<ri7Jinl ----efUHi
ijni1i"dOf-P", -
~-CJ.u~!inbnel 4604
)~~M C!I.rn. i}.-'I1II, 000
.......'ti(':M.
ij.riDClIld
~~~8"_'N' 65211
~',~~!'.H~ __ -0- ~;./~n.
.w_UI'!"'iI~_",^NM~'~ ~ "]S2 ~~-=
Z::;';=";:,!; :m.___:-u'-'''''- _-__::::-::; ;i~f~~~;:
;::--P!l~(~inL'===_:'-~--' - ----::--~[l)rt-i~f..'l- ______.u-------
TcUi - - " -...----- ~_ ic'e~; i(---- _=-;o~}6oi '9'~jJ.1 ___~-~ Q~2.q: I~f~f ~!- f"ii54Q~!'-
............ ............. .................................,
- - '
11'~
~!oIi5a
'm.F
1,1... 1,ltfO!t
PH'-;';iI'-ii'---' ftoU,
~.i.-r.~.-.----n.4't!~
~c..-'~[.ii_ 'olt.-li-~
~-
-,I,ll
"nO'I!i"ir ~nr1"'"-
~.~ti. --:--tt;"!,j I
C,pftn -'---'811 fr--,
Pllr'CII ~f2P"----'
Gi,.on nUS I
~i eon7
H.,-iriti-.n t'82.&,4
HOlliiiir---ldj"20r
UIl'f 51'U'
~., 57'''1
51O(f'S~- l.1it-n
Ooo-!;~., __-'--- 10IU
51 .'~---nf"
S~i- llM"s.i
t"1.-;rg7i-:in. ...~U
--'neo.tfRoC.a 2f:uit
---'n~Don- 'ioU; .!il15'
Il)OOIPJOIra. . .,.is!
W~.."'. ~ 11' n
~UOI
lUlfOOI
>lO 00 '
lS5'il'
"10)'
,
--mJ4'
-4---,r62 ~
l1n)--
~OO
0-00-
504445
7S00
lSi1~
S..oJO!al
31600001
lifH"
000 I
,eo' ,
~"'.n
!
2lA 00 I
I.S!fi1
'~361
!if111
---rooo 00 r
lUi
iD20
CUll.,
1(000...ly
PIlnon
118ea'
000'
:U:U~O'
11000--
---.0 00 '
--,mr
ell/)
'!~!L'Otal
............
-suo;fOIIl
...n16
'111",,)10
,00
'-91
,'00
11J13.
lien,
!oi12 ;
eilifh
.- ----"4""------' --
.-" -:--6tDOu-=:~ --_'
ni5"Qa
U.70'
\linO"
NOli EMnId 1"'"".., irorn In-' Eenoc,.nd-;i\GTT4l/1t.ai'Donaii"M4t1rn.IOt\l'l'!.l!.!!!I~"fJtii'rN:I!l~"'lq~. 'GGid~IICO!~
Scii!.d...'-
;?..:J, (c)
EXHIBIT "A"
llumAl'Y SERVICES AGR~EMBNT
nns AGREEMENT, made and executed as of this :2 f."L.. day of
~ 1997, by and behveen CENTRAL P A REHABIUTATION SERVICES,
INC., a PeMsylvania business corporation, (herelnaiter called "CPARS") and
CENTRAL PENNSYLVANIA .REHABILIT A nON SERVICES, INC., a
Pennsylvania business corporation (hereinaiter called "O'RS");
WITNESSETH
WHEREAS, CPRS is a certified Medicare provider of physical therapy
services through outpatient rehabilitation clinics located at MilIersburg,
Mechanicsburg, and Shermans Dale, Pennsylvania, (the "Practice"); and
WHEREAS, CPRS desires to engage CP ARS to provide certain services for
or with respect to the operation of the Practice. to which CPARS is agreeable, as
hereinafter set forth.
NOW, TIIEREFORE, In consideration of the foregoing premises and the
mutual covenants herein contained, the parties hereto. each intending to be legally
bound herebj', do now covenant and agree as follows:
1. En~a~ement. CPRS does hereby engage and retain O'ARS, which
engagement CP ARS accepts, to provide the services herelnaiter specified
rega:tding the operation of the Practice.
EXHIBIT "B"
~~3 FO: SEP l~ '97 13:5~
. .
2. Services. During the term of this Agreement, CP ARS shall provide
or cause to be provided the services to CPRS for or with respect to the operation of
the Practice as set forth in Exhibit" A", in compliance with Title 18 of the Social
Security Act. CPRS shall exercise professional responsibility over such services
rendered by CP ARS.
3. Em. For and In consideration of the services of CP ARS provided
under this Agreement, CPRS shall pay to Cl'ARS as follows:
a. 592.00 per evaluation; and
b. 575.00 per physical therapy treatment.
On the first day of each month during the term of this Agreement, CPARS shall
submit to O'RS an invoice detailing the evaluations and treatments performed
during the preceding month. CPRS shall pay CP ARS within flIteen (15) days of
receipt of the submitted Invoice.
Notwithstanding the foregoing, the amounts payable by CPRS to CP ARS under
this Agreement shall not exceed the amounts payable to CPRS by Medicare Part B
for the services rendered by CP ARS (ir.cluding any deductible! and cc-insurance
payments from the patients) less the amounts paid by CPRS lor the rental of its
facilities. CPRS shall be required to pay this amount to CP ARS notwithstanding
2OQ2!.1
2
EXHIBIT "B"
.
.
the refusal bj' the government reimburs~ment source to pay CPRS for such
services.
4. Imn. The t.erm of this Agreement shall be three (3) months
commencing as of the date of this Agreement and shall automati~ally renew
thereafter on a month to month basis. At any tlme, CP ARS may terminate this
Agreement for any reason or cause whatsoever, but no such termination shall
occur or be effective until the expiration of five (5) days after CP ARS gives written
notice thereof to CPRS. After the initial term of this Agreement, CPRS may
terminate it for any reason or cause whatsoever, but no such termination shall
occur or be effective until the expiration of five (5) days after CPRS gives written
notice of termination to CP ARS.
5. Records.
(a) CP ARS shall keep and maintain such records of the services
rendered by CPARS to patients of CPRS as may be required by any fiscal
intermediary, federal or state government egency.
(b) In the event that Section 952 of the Omnibus Budget
Reconciliation Act of 1980 and the regulations promulgated thereWlder ("Section
952"),42 U.S.C. 91395 x(v)(l)(I), 42 C.F.R. S420.302, are applicable to the services
rendered by CP ARS under this Ag:o:eement, then CP ARS shall comply Wltll four
9?3 POol
5EP 12
.
, yem after the e.'<piration of an)' senic!!! provided to CPRS, with requests by the
Comptroller General of the United States, the Secretary of the Department of Health
,
and Human Services ("HHS"), and their duly authorized representatives ior access
to this Agreement, and to the books, documents, and records maintained by CP ARS
necessary to verify the nature md extent of the costs of services provided by CP ARS
to CPRS. The access mUllt be requested in accordance with the pro\isions of Section
952. a> ARS will notify CPRS immediately of any requests made pursuant to this
provision.
6. Notices. Any notice required by or given under this Agreement to
either of the parties hereto shall be sufficient if sent by United States certified mail,
return receipt requested. with postage prepaid, and addressed in the case of the
parties' its current principal business office, or in the case of either such party to
any other address that such party may have specified in a writing sent in
accordance with the provisions of this paragraph.
7. Construction. This Agreement shall be governed by, construed
under and enforced in accordance with the laws of the Commonwealth of
PeMSylvania. The captions of the numbered paragraphs of this Agreement have
been inserted for convenience only and shall not control, limit or affect the
meaning, Interpretation or construction of this Agreement. Where herein used,
:lDQl8.\
-l
EXIIIBIT "B"
SEP 12 'S7
the plural shall lnclude the singular, and the singular shall Include the plural. The
use in this Agreement of the words "herein", "hereof", "hereunder" and other
similar compounds of the. words "here" shall reLer to this entire Agreement, and
not of any particular provision or paragraph hereof, unless the context otherwise
clearly requires.
8. ~ini Effect. This Agreement shall inure to the benefit of the
named parties hereto, and their respective successors and assigns.
9. Entire Asreement. This Agreement. embodies the entire agreement
and understanding between the named parties hereto, and shall not be ',aried,
contradicted, amended or modified by an}' other agreements, promises,
representatior.s, terms or conditions unless the sar.'le are made in writing and
executed by both of the parties hereto after the date hereof.
[REST OF P AGE IS INTENTIONALLY LEFT BLANK]
~.1
5
.
IN WITNESS WHEREOF, the said parties hereto, each intending to be
legally bound hereby, have duly executed this Agreement on this da)', month and
year first above written.
ATIEST:
~ L -Wt:rr
I /Secretary
ATIEST:
:2llO:2s.l
CENTRAL P A REHABILIT ATlON
SERVICES, INC.
D. /
By: J , ~"
President
CENTRAL PENNSYL V ANlA
REHABILITATION SERVICES,
INe.
By7~4d.~ -
sident
6
, .
EXHIBIT A
CP ARS will provide therapy services under the terms and conditions ot this
Agreement and in accordance with any applicable requirements of all federal
laws, rules and/ or regulations and CPRS.
CPARSsha11:
20023-1
*
Provide qualified, licensed professionals.
Screen all admissions for potential rehabilitation services and saeen
all current patients for potential rehabilitation sen'ices on a
scheduled ongoing basis.
*
*
Accept patients for treatment in accordance with CPRS's admission
policy.
.
Evaluate and trl!at all physic:lan referred patients needing
rehabilitation services.
.
Provide necessary written documentation of senicls as required by
State and Federal regulations, and maintain a complete and timely
clinical record on each patient that includes diagnosis, medicill
history, physician's orders, and progress notes relating to all service
received.
*
Provide administrative and clinical management supervision of all
therapists, therapy services. documentation and in.services.
*
Maintain liaison with attending physician with regard to the
progress of the patient and the need lor revisions to the required
plan oi treatment.
7
EXHIBIT "B"