February 23, 2017 4:56 AM ET

Healthcare Providers and Services

Company Overview of Progressive Acute Care Dauterive, LLC

Company Overview

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

United States

Founded in 1920

Phone:

337-365-7311

Fax:

337-374-4377

Key Executives for Progressive Acute Care Dauterive, LLC

Principal Executive Officer and President
Age: 61
Chief Financial Officer and Trustee
Principal Accounting Officer and Senior Vice President
Age: 59
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

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

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

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.

Similar Private Companies By Industry

Company Name Region
@ Home Medical, Inc. United States
@home approach, llc United States
@Home Care United States
1011 E. Pecan Grove Road, LLC United States
1104 Welsh Road Operations LLC United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Progressive Acute Care Dauterive, LLC, please visit www.dauterivehospital.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.