April 28, 2017 3:51 AM ET

Healthcare Providers and Services

Company Overview of Louisiana Medical Center and Heart Hospital, LLC

Company Overview

Louisiana Medical Center and Heart Hospital, LLC, doing business as Louisiana Heart Hospital, LLC, operates a general acute care hospital. The company offers inpatient and outpatient healthcare services. It provides medical services, which include dermatology, emergency, endocrinology, gastroenterology, hematology, hospitalist program, infectious disease, internal medicine, radiology/imaging, medical ICU, nephrology, neurology, ophthalmology, otolaryngology, pain management, physiatry, podiatry, psychiatry, pulmonary medicine, urology, and wound care; general, neuro, orthopedic, plastic, reconstructive, spinal, thoracic, and vascular surgery services; diagnostic imaging services comprising i...

64030 Louisiana 434

I-12 Exit 74 North

Lacombe, LA 70445

United States

Founded in 2001

Phone:

985-690-7500

Fax:

985-690-7530

Key Executives for Louisiana Medical Center and Heart Hospital, LLC

Chief Executive Officer and President
Chief Financial Officer
Chief Operating Officer
President of Cardiovascular Care Group
Age: 63
Chief Medical Officer
Compensation as of Fiscal Year 2016.

Louisiana Medical Center and Heart Hospital, LLC Key Developments

Motion for Asset Sale Approved for LMCHH PCP LLC

The US Bankruptcy Court ordered approving the sale of certain assets of LMCHH PCP LLC on March 27, 2017. As per the order, the debtor is authorized to sell the physician practice properties to various buyers. as per the purchase and sale agreement entered. The total sale value of the assets is approximately $0.3 million.

Motion for Asset Sale Filed by LMCHH PCP LLC

LMCHH PCP LLC filed a motion for sale of all of the assets in the US Bankruptcy Court on March 20, 2017. As per the motion, the debtor is seeking to sell all of its assets to Stirling Medical Lacombe LLC, the proposed staking horse bidder, for a purchase price of $22 million plus assumption of certain liabilities pursuant to purchase and sale agreement dated March 15, 2017. The stalking horse bidder will deposit $3 million into escrow account. The sale is subject to highest and best offer at auction. To qualify as a qualified bidder, interested parties should submit their bids by May 11, 2017. All interested bidder will deposit equal to the greater of $3 million or 10% of the potential bidder's initial bid. The initial minimum overbid should be in the amount of at least $23 million. The debtor has scheduled an auction on May 16, 2017. At the auction, the subsequent bids would be in increments of $0.1 million. The stalking horse bidder would be entitled to a break-up fee of 2% of the purchase price and expense reimbursement of $0.05 million in case of termination of the asset purchase agreement. The sale hearing is scheduled for May 18, 2017. Any objection related to sale must be filed on or before May 17, 2017. Fishman Haygood, L.L.P. acted as advisor to buyer.

Motion for Asset Sale Approved for LMCHH PCP LLC

The US Bankruptcy Court ordered approving the sale of miscellaneous property of LMCHH PCP LLC on March 7, 2017. As per the order, the debtor is authorized to sell the miscellaneous properties of value less than $0.15 million without prior notice and the properties with value of more than $0.15 million will be sold with prior notice.

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