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EX-99.1 - EX-99.1 - MEDCATH CORP | g24321exv99w1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
Date
of Report (Date of earliest event reported): August 6, 2010
MEDCATH CORPORATION
(Exact name of registrant as specified in its charter)
Delaware (State or other jurisdiction of incorporation or organization) |
000-33009 (Commission File Number) |
56-2248952 (IRS Employer Identification No.) |
10720 Sikes Place
Charlotte, North Carolina 28277
(Address of principal executive offices, including zip code)
Charlotte, North Carolina 28277
(Address of principal executive offices, including zip code)
(704) 815-7700
(Registrants telephone number, including area code)
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13d-4(c)) |
Item 1.01. | Entry into a Material Definitive Agreement. |
On August 9, 2010 MedCath Corporation (MedCath) announced MedCath entered into a definitive
agreement (the Asset Purchase Agreement) on
August 6, 2010 for VHS of Phoenix, Inc (VHS), a subsidiary of Vanguard
Health Systems to acquire substantially all
the assets of Arizona Heart Hospital. Under the Asset Purchase
Agreement, VHS will acquire
substantially all of the assets of Arizona Heart Hospital for $32.0 million plus certain net
working capital and assume approximately $400,000 in capital leases. Arizona Heart Hospital will
retain accounts receivable and the remaining liabilities. VHSs
obligations under the Asset Purchase Agreement are guaranteed by
Vanguard Health Systems. A copy of the press release is included
as Exhibit 99.1.
Item 9.01. | Financial Statements and Exhibits. |
Exhibit 99.1 | Press Release dated August 9, 2010 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.
MEDCATH CORPORATION |
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Date: August 12, 2010 | By: | /s/ James A. Parker | ||
James A. Parker | ||||
Executive Vice President and Chief Financial Officer | ||||