Medicare Approvals Sample Clauses

Medicare Approvals. Buyer and its Affiliates shall file with the Medicare authorities documentation notifying same of a change of ownership of Sellers’ businesses effective as of the Closing Date. Sellers shall cooperate with Buyer to take all actions necessary to transfer or reissue to Buyer the DONs and Licenses for the Facilities, and any other Governmental Approvals necessary for Buyer to operate the Facilities in the same manner as Sellers. Upon Buyer’s receipt of written notification from the Centers for Medicare & Medicaid Services (“CMS”) indicating that CMS has processed and approved Buyer’s change of ownership application with respect to Seller’s Medicare provider number (the “Medicare CHOW Approval”), Sellers will (i) terminate all electronic funds transfer arrangements with third party payors effective not later than the thirty-fifth (35th) day following the Closing Date, and (ii) notify the Medicare and Medicaid programs to discontinue the linkage of Sellers’ Medicare provider number to its Medicaid provider number. Sellers shall cooperate with Buyer to take all actions necessary to transfer or reissue to Buyer the Licenses and DONs for the Facilities as of the Closing Date. Buyer shall provide Sellers reasonable access to records of the Facilities (including appropriate passwords) necessary for billing and collection of Pre-Closing Accounts Receivables from Medicare and commercial payors.

Medicare Approvals. To the best of the Sellers’ knowledge and belief, the Medicare approvals Atlantic has received for its services listed in the Schedule of Assets referred to in Paragraph (5j), subject only to the filing of a change of ownership form, will remain valid and effective. Atlantic remains a Medicare provider of those services and Medicare will pay Atlantic for those services when provided to an individual participating in a Medicare plan. Furthermore, to the best of the Sellers’ knowledge and belief, the change in ownership of Atlantic, contemplated by this Agreement, will require the filing of a change of ownership form but will not result in the cancellation, termination or withdrawal of the Medicare approvals listed in Atlantic’s Schedule of Assets. Atlantic is not in material default, in any respect, on any obligations it may have to Medicare as a provider of services to individuals participating in a Medicare plan.

Medicare Approvals. The Medicare approvals Cedars has received for its services listed in the Schedule of Assets referred to in Paragraph (6j) subject only to the filing of a change of ownership form will remain valid and effective. Cedars remains a Medicare provider of those services and Medicare will pay Cedars for those services when provided to an individual participating in a Medicare plan. Furthermore, the change in ownership of Cedars, contemplated by this Agreement, will require the filing of a change of ownership form but will not result in the cancellation, termination or withdrawal of the Medicare approvals listed in Cedar’s Schedule of Assets. Cedars is not in material default, in any respect, on any obligations it may have to Medicare as a provider of services to individuals participating in a Medicare plan.