Common use of Compliance with Healthcare Regulatory Laws Clause in Contracts

Compliance with Healthcare Regulatory Laws. (a) Except as disclosed on Schedule 4.9, each Seller has timely filed all requisite cost reports, claims and other reports related to the Business required to be filed in connection with all Programs due on or before the date hereof, all of which are complete and correct. True and correct copies of all such reports for the three most recent fiscal years of each Seller have been furnished to Buyers. Except as specifically described on Schedule 4.9, there are no claims, actions, appeals, reviews or audits pending before any federal or state commission, board or agency (including, without limitation, any intermediary or carrier, the Provider Reimbursement Review Board or the Administrator of the Health Care Financing Administration) with respect to any Seller's participation in any Program related to the Business, or any pending disallowances by any commission, board or agency in connection with any Seller's participation in any Program, which could adversely or materially affect the Business or any of the Purchased Assets, the operation or the utility thereof, or the consummation of the transactions contemplated hereby, and each Seller has made available to Buyers true and correct copies of any such claims, actions or appeals.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Almost Family Inc)

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Compliance with Healthcare Regulatory Laws. (a) Except as disclosed on Schedule 4.9, each Seller has timely filed all requisite cost reports, claims and other reports related to the Business required to be filed in connection with all Programs due on or before the date hereofof this Agreement (and will duly file all such cost reports, claims and other reports due through the Closing Date), all of which are complete and correct. True and correct copies of all such reports for the three most recent fiscal years of each Seller have been furnished to BuyersBuyer. Except as specifically described on Schedule 4.9, there are no claims, actions, appeals, reviews or audits pending before any federal or state commission, board or agency (including, without limitation, any intermediary or carrier, the Provider Reimbursement Review Board or the Administrator of the Health Care Financing AdministrationCMS) with respect to any Seller's participation in any Program related to the BusinessProgram, or any pending disallowances by any commission, board or agency in connection with any Seller's participation in any Program, which could adversely or materially affect the Business or any of the Purchased Assets, the operation or the utility thereof, or the consummation of the transactions contemplated hereby, and each Seller has made available to Buyers provided Buyer with true and correct copies of any such claimsclaim, actions action or appealsappeal.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Almost Family Inc), Asset Purchase Agreement (Almost Family Inc)

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