Medicare Participation/Accreditation. (a) All hospitals or significant health care facilities owned or operated as continuing operations by Parent or any Parent Subsidiary (each, a "Parent Facility") are certified for participation or enrollment in the Medicare and Medicaid programs, have a current and valid provider contract with the Medicare and Medicaid programs, are in substantial compliance with the conditions of participation of such programs and have received all approvals or qualifications necessary for capital reimbursement of Parent's assets except where the failure to be so certified, to have such contracts, to be in such compliance or to have such approvals or qualifications would not individually or in the aggregate have a Parent Material Adverse Effect. Neither Parent nor any of the Parent Subsidiaries has received notice from the regulatory authorities which enforce the statutory or regulatory provisions in respect of either the Medicare or the Medicaid program of any pending or threatened investigations, and neither Parent nor any of the Parent Subsidiaries has any reason to believe that any such investigations or surveys are pending, threatened or imminent which may individually or in the aggregate have a Parent Material Adverse Effect. Each Parent Facility eligible for such accreditation is accredited by the Joint Commission on Accreditation of Healthcare Organizations, the Commission on Accreditation of Rehabilitation or other appropriate accreditation agency. (b) Each Parent Facility is licensed by the proper state department of health to conduct its business in substantially the manner conducted by such Parent Facility and is authorized to operate the number of beds utilized therein. The Parent Facilities are presently in substantial compliance with all of the terms, conditions and provisions of such licenses. Parent has heretofore made available to Company correct and complete copies of all such licenses. The facilities, equipment, staffing and operations of the Parent Facilities satisfy the applicable state hospital licensing requirements in all material respects.
Appears in 4 contracts
Samples: Merger Agreement (Ornda Healthcorp), Merger Agreement (Tenet Healthcare Corp), Merger Agreement (Ornda Healthcorp)
Medicare Participation/Accreditation. (a) All hospitals or significant health care healthcare facilities owned or operated as continuing operations by Parent Company or any Parent Company Subsidiary (each, a "Parent Company Facility") are certified for participation or enrollment in the Medicare and Medicaid programs, have a current and valid provider contract with the Medicare and Medicaid programs, are in substantial compliance with the conditions of participation of such programs and have received all approvals or qualifications necessary for capital reimbursement of ParentCompany's assets except where the failure to be so certified, to have such contracts, to be in such compliance or to have such approvals or qualifications would not individually or in the aggregate have a Parent Company Material Adverse Effect. Neither Parent Company nor any of the Parent Company Subsidiaries has received notice from the regulatory authorities which enforce the statutory or regulatory provisions in respect of either the Medicare or the Medicaid program of any pending or threatened investigationsinvestigations or surveys, and neither Parent Company nor any of the Parent Company Subsidiaries has any reason to believe that any such investigations or surveys are pending, threatened or imminent which may individually or in the aggregate have a Parent Company Material Adverse Effect. Each Parent Company Facility eligible for such accreditation is accredited by the Joint Commission on Accreditation of Healthcare Organizations, the Commission on Accreditation of Rehabilitation or other appropriate accreditation agency.
(b) Each Parent such Company Facility is licensed by the proper state department of health to conduct its business in substantially the manner conducted by such Parent Company Facility and is authorized to operate the number of beds utilized therein. The Parent Company Facilities are presently in substantial compliance with all of the terms, conditions and provisions of such licenses. Parent Company has heretofore made available to Company Parent correct and complete copies of all such licenses. The facilities, equipment, staffing and operations of the Parent Company Facilities satisfy the applicable state hospital licensing requirements in all material respects.
Appears in 4 contracts
Samples: Merger Agreement (Ornda Healthcorp), Merger Agreement (Ornda Healthcorp), Merger Agreement (Littlejohn Joseph & Levy Fund L P)
Medicare Participation/Accreditation. (a) All hospitals or significant health care facilities owned or operated as continuing operations by Parent or any Parent Subsidiary (each, a "Parent Facility") are certified for participation or enrollment in the Medicare and Medicaid programs, have a current and valid provider contract with the Medicare and Medicaid programs, are in substantial compliance with the conditions of participation of such programs and have received all approvals or qualifications necessary for capital reimbursement of Parent's assets except where the failure to be so certified, to have such contracts, to be in such compliance or to have such approvals or qualifications would not individually or in the aggregate have a Parent Material Adverse Effect. Neither Parent nor any of the Parent Subsidiaries has received notice from the regulatory authorities which enforce the statutory or regulatory provisions in respect of either the Medicare or the Medicaid program of any pending or threatened investigations, and neither Parent nor or any of the Parent Subsidiaries has any reason to believe that any such investigations or surveys are pending, threatened or imminent which may individually or in the aggregate have a Parent Material Adverse Effect. Each Parent Facility eligible for such accreditation is accredited by the Joint Commission on Accreditation of Healthcare Organizations, the Commission on Accreditation of Rehabilitation or other appropriate accreditation agency.
(b) Each Parent Facility is licensed by the proper state department of health to conduct its business in substantially the manner conducted by such Parent Facility and is authorized to operate the number of beds utilized therein. The Parent Facilities are presently in substantial compliance with all of the terms, conditions and provisions of such licenses. Parent has heretofore made available to Company correct and complete copies of all such licenses. The facilities, equipment, staffing and operations of the Parent Facilities satisfy the applicable state hospital licensing requirements in all material respects.
Appears in 1 contract
Samples: Merger Agreement (Symbion Inc/Tn)
Medicare Participation/Accreditation. (a) All hospitals or significant health care facilities owned or operated as continuing operations by Parent Company or any Parent Company Subsidiary (each, a "Parent Company Facility") are certified for participation or enrollment in the Medicare and Medicaid programs, have a current and valid provider contract with the Medicare and Medicaid programs, are in substantial compliance with the conditions of participation of such programs and have received all approvals or qualifications necessary for capital reimbursement of ParentCompany's assets except where the failure to be so certified, to have such contracts, to be in such compliance or to have such approvals or qualifications would not individually or in the aggregate have a Parent Company Material Adverse Effect. Neither Parent Company nor any of the Parent Company Subsidiaries has received notice from the regulatory authorities which enforce the statutory or regulatory provisions in respect of either the Medicare or the Medicaid program of any pending or threatened investigations, and neither Parent nor Company or any of the Parent Company Subsidiaries has any reason to believe that any such investigations or surveys are pending, threatened or imminent which may individually or in the aggregate have a Parent Company Material Adverse Effect. Each Parent Company Facility eligible for such accreditation is accredited by the Joint Commission on Accreditation of Healthcare Organizations, the Commission on Accreditation of Rehabilitation or other appropriate accreditation agency.
(b) Each Parent Company Facility is licensed by the proper state department of health to conduct its business in substantially the manner conducted by such Parent Company Facility and is authorized to operate the number of beds utilized therein. The Parent Company Facilities are presently in substantial compliance with all of the terms, conditions and provisions of such licenses. Parent Company has heretofore made available to Company Parent correct and complete copies of all such licenses. The facilities, equipment, staffing and operations of the Parent Company Facilities satisfy the applicable state hospital licensing requirements in all material respects.
Appears in 1 contract
Samples: Merger Agreement (Symbion Inc/Tn)