Healthcare Providers and Services
Company Overview of Progressive Acute Care Dauterive, LLC
Progressive Acute Care Dauterive, LLC, doing business as Dauterive Hospital, operates an acute care hospital. The company offers surgical, endoscopy, pre-operative screening/testing, geriatric, inpatient psychiatric, nursing, and individual treatment services; and birth care, emergency, anti-aging herb, rehabilitation, diabetes, and herbal medicine services. It serves patients and families. The company was founded in 1920 and is based in New Iberia, Louisiana. Progressive Acute Care Dauterive, LLC operates as a subsidiary of HCA Holdings, Inc. As of January 14, 2016, Progressive Acute Care Dauterive, LLC operates as a subsidiary of Iberia Medical Center. On May 31, 2016, Progressive Acute Ca...
600 North Lewis Avenue
New Iberia, LA 70563
Founded in 1920
Key Executives for Progressive Acute Care Dauterive, LLC
Principal Executive Officer and President
Chief Financial Officer and Trustee
Principal Accounting Officer and Senior Vice President
Chief Medical Officer and Trustee
Chief Nursing Officer and Trustee
Compensation as of Fiscal Year 2016.
Progressive Acute Care Dauterive, LLC Key Developments
Motion for Asset Sale Approved for Progressive Acute Care, LLC
Aug 31 16
The US Bankruptcy Court gave an order approving the sale of substantially all the assets of Progressive Acute Care, LLC on August 31, 2016. The debtor has been authorized to sell substantially all its assets to Central Louisiana Hospital Group, L.L.C., the stalking horse bidder for a purchase price of $15.27 million. The purchase price includes a cash payment of $0.50 million, promissory note of $10.05 million, assumption of property leases of $1.92 million, PTO Liability of $0.68 million, certain post-petition unpaid liabilities of $1.16 million, amount due to CMS or LDHH of $0.96 million.
Amended Motion for Asset Sale Filed by Progressive Acute Care, LLC
Aug 25 16
Progressive Acute Care, LLC filed a supplemental motion in the US Bankruptcy Court for the sale of substantially all its assets on August 25, 2016. As per the supplemental motion, the terms of the asset purchase agreement have been amended. Under the terms of the amended agreement dated August 24, 2016, the cash portion of the purchase price of $10.55 million has been modified to $0.50 million and the remaining $10.05 million will be paid by tender of a promissory note. All other payments due at closing will remain unaffected by the amendments to the agreement.
Notice of Succesful BIdder Filed by Progressive Acute Care, LLC
Aug 19 16
Progressive Acute Care, LLC filed a notice in the US Bankruptcy Court for the selection of successful bidder for the sale of substantially all its assets on August 19, 2016. As per the notice filed, the debtor did not receive any qualified bids and hence the auction for the sale of assets has been cancelled. Central Louisiana Hospital Group, L.L.C., the stalking horse bidder, has been designated as the successful bidder.
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