PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • January 5th, 2012 • Adcare Health Systems Inc • Services-skilled nursing care facilities • Arkansas
THIS PURCHASE AND SALE AGREEMENT is made and entered into as of December 29, 2011 (the “Effective Date”) by and among LITTLE ROCK AVIV, L.L.C., a Delaware limited liability company (“LRA”), WOODLAND ARKANSAS, L.L.C., a Delaware limited liability company (“WA”), and NORTHRIDGE ARKANSAS, L.L.C., a Delaware limited liability company (“NA” together with LRA and WA sometimes referred to herein individually as a “Seller” and collectively as “Sellers”), and ADCARE PROPERTY HOLDINGS, LLC, an Ohio limited liability company or its permitted assigns (“Purchaser”).
