Accounts Receivable; Payors. (a) The Disclosure Schedules set forth a list and aging of all accounts receivable of the Company as of March 31, 1997, which list is complete, true and accurate in all material respects. All such accounts receivable arose in the ordinary course of business and have not been previously written off as bad debts and, are, to the extent still uncollected, to the knowledge of the Company collectible in the ordinary course of business, net of reserves for doubtful and uncollectible accounts shown in the Company Financial Statements or on the accounting records of the Company (which reserves are calculated consistent with generally accepted accounting principles and past practice). (b) The Disclosure Schedules set forth (i) a true, correct and complete list of the names and addresses of each Payor of the Company as of such date, which accounted for more than 5% of the revenues of the Company in the fiscal year ended December 31, 1996, or which is reasonably expected to account for more than 5% of the revenues of the Company for the fiscal year to end December 31, 1997, and (ii) a single line item listing for all private-pay patients in the aggregate of the Company. The Company has satisfactory relations with such Payors set forth in (i) above and none of such Payors has notified the Company that it intends to discontinue its relationship with the Company or to deny any payments due from, or any claims for payment submitted to any such party.
Appears in 13 contracts
Samples: Agreement and Plan of Reorganization and Merger (American Physician Partners Inc), Agreement and Plan of Reorganization and Merger (American Physician Partners Inc), Merger Agreement (American Physician Partners Inc)
Accounts Receivable; Payors. (a) The Disclosure Schedules set forth a list and aging of all accounts receivable of the Company as of March 31, 1997, which list is complete, true and accurate in all material respects. All such accounts receivable arose in the ordinary course of business and have not been previously written off as bad debts and, are, to the extent still uncollected, to the knowledge of the Company collectible in the ordinary course of business, net of reserves for doubtful and uncollectible accounts shown in the Company Financial Statements or on the accounting records of the Company (which reserves are adequate and calculated consistent with generally accepted accounting principles and past practice).
(b) The Disclosure Schedules set forth (i) a true, correct and complete list of the names and addresses of each Payor of the Company as of such date, which accounted for more than 5% of the revenues of the Company in the fiscal year ended December 31, 1996, or which is reasonably expected to account for more than 5% of the revenues of the Company for the fiscal year to end December 31, 1997, and (ii) a single line item listing for all private-pay patients in the aggregate of the Company. The Company has satisfactory relations with such Payors set forth in (i) above and none of such Payors has notified the Company that it intends to discontinue its relationship with the Company or to deny any payments due from, or any claims for payment submitted to any such party.
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization and Merger (American Physician Partners Inc), Agreement and Plan of Reorganization and Merger (American Physician Partners Inc)
