Common use of Beds Clause in Contracts

Beds. The number of beds licensed for use at the Facility is set forth on Schedule 3.1(b)(viii). Each bed is fully licensed by HFR, and all beds are eligible for Medicaid participation. There are at the Facility a number of beds equal to the maximum bed capacity as permitted under the Facility licenses. All level II beds are certified to participate in the Medicare program and all level III beds are recognized by CMS as participants in the Medicare Program and receive Medicare reimbursement. The Medicare and Medicaid certifications may be transferred to New Operator in accordance with the terms of this Agreement. All of the licensed beds are currently in use at the Facility and no beds at the Facility have been removed from service on a temporary or permanent basis.

Appears in 3 contracts

Sources: Operations Transfer Agreement (Selectis Health, Inc.), Operations Transfer Agreement (Selectis Health, Inc.), Operations Transfer Agreement (Selectis Health, Inc.)