ASSET PURCHASE AGREEMENTAsset Purchase Agreement • May 7th, 2015 • Diversicare Healthcare Services, Inc. • Services-skilled nursing care facilities • Kentucky
THIS ASSET PURCHASE AGREEMENT (“Agreement”), is made effective as of January 29, 2015, by and among BARREN COUNTY HEALTH CARE CENTER, INC., a Kentucky corporation (“Seller”), DIVERSICARE OF GLASGOW, LLC, a Delaware limited liability company (“Buyer”), and, solely for the purposes of Sections 5.18 and 11.2, Steve Brown, John L. Beam, Linda Beam, Nancy A. Mollett, James B. Hurst, Thomas S. Hurst, Jr., Peggy Hurst Greenwell, Beth Hurst Hawkins and Sallie Hurst Schrieber, individuals and residents of the Commonwealth of Kentucky (collectively, the “Shareholders”).
TERM LOAN AND SECURITY AGREEMENT dated as of February 2, 2015 by and between DIVERSICARE GLASGOW PROPERTY, LLC, as Borrower and THE PRIVATEBANK AND TRUST COMPANY, as LenderTerm Loan and Security Agreement • May 7th, 2015 • Diversicare Healthcare Services, Inc. • Services-skilled nursing care facilities • Illinois
This TERM LOAN AND SECURITY AGREEMENT (this “Agreement”), dated as of February 2, 2015, is by and between DIVERSICARE GLASGOW PROPERTY, LLC, a Delaware limited liability company (“Borrower”), and THE PRIVATEBANK AND TRUST COMPANY, an Illinois banking corporation (“Lender”), its successors and assigns.
