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1 TO ASSET PURCHASE AGREEMENT

1 TO ASSET PURCHASE AGREEMENT 2025

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This document is Amendment No. 1 to an Asset Purchase Agreement between Morton Hospital and Medical Center, Inc., Morton Property, Inc., and Morton Physician Associates, Inc. (collectively referred to as 'Sellers') and Morton Hospital, A Steward Family Hospital, Inc. (the 'Buyer'). The amendment modifies various terms of the original agreement dated March 29, 2011, including definitions related to control transactions, employee considerations, capital expenditure commitments, community benefits obligations, and the designation of Steward Medical Group, Inc. as a Buyer party. It aims to address issues that have arisen since the original agreement was executed.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What are the disadvantages of asset purchase?

Disadvantage of Asset Purchase Contracts especially with customers and suppliers may need to be renegotiated and/or renovated by the new owner. The tax cost to the seller is typically higher, so the seller may insist on receiving a higher purchase price. Assets may need to be retitled.

Are asset purchase agreements binding?

An asset purchase agreement, commonly known as an APA, is a legally binding contract that outlines the terms and conditions during the sale of a business.

Is an asset purchase agreement legally binding?

An APA is a legally binding contract that outlines the terms and conditions of the sale of a businesss assets versus a stock purchase).

How does an asset purchase agreement work?

When utilizing an APA, the buyer can pick and choose which assetsand which liabilitiesthey would like to assume from the seller. This differs from a stock purchase agreement, in which the buyer acquires all of the shares in a company along with all of its assets and liabilities.

What is the difference between APA and spa?

The biggest difference is that an SPA is the sale of all shares, and an APA is the sale of selected assets. Therefore, they are both different transactions and have different procedures. 2. With a SPA, all shareholders in the company must be consulted and agree to sell their shares in the company.