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Asset Purchase Agreement

Asset Purchase Agreement

Asset Purchase Agreement | Document Parties: PEDIATRIC SERVICES OF AMERICA INC | Lincare Inc You are currently viewing:
This Asset Purchase Agreement involves

PEDIATRIC SERVICES OF AMERICA INC | Lincare Inc

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Title: Asset Purchase Agreement
Date: 12/12/2006
Industry: Healthcare Facilities     Sector: Healthcare

Asset Purchase Agreement, Parties: pediatric services of america inc , lincare inc
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Exhibit 10.1(a)

August 25, 2006

PEDIATRIC SERVICES OF AMERICA, INC.

d/b/a PSA HEALTHCARE

PEDIATRIC SERVICES OF AMERICA, INC.

PSA CAPITAL CORPORATION

310 Technology Parkway

Norcross, Georgia 30092-2929

To Whom It May Concern:

This letter sets forth certain agreements related to that certain Asset Purchase Agreement (hereinafter referred to as the “Agreement”), dated on even date herewith, among Lincare Inc., a Delaware corporation (“Lincare”); Pediatric Services of America, Inc. d/b/a PSA Healthcare, a Delaware corporation; Pediatric Services of America, Inc., a Georgia corporation; and PSA Capital Corporation, a Delaware corporation (collectively, the “Company”). If a term is defined in the Agreement, it shall have the same meaning herein.

1. Notwithstanding anything in the Agreement to the contrary, from the Closing until the expiration of one (1) year after the conclusion of the Collection Period (the “Usage Period”), Company shall grant Lincare access to the following computer programs for the purpose of collecting or otherwise managing amounts equal to the Receivables: CPR+ and Encore. Company agrees that, during the Usage Period or until such time as Lincare advises Company Lincare no longer requires access to the CPR+ program (or any certain features of said license), whichever occurs first, Company shall maintain its existing license for the use of CPR+ through the payment of all applicable licensing fees; provided, however, Lincare agrees that it will promptly reimburse Company for any such CPR+ licensing fees paid by Company during the Usage Period or until such time as Lincare advises Company Lincare no longer requires access to the CPR+ program (or any certain features of said license), whichever occurs first.

2. Without limiting the scope of Company’s representations and warranties in the Agreement, Company represents and warrants that, no later than its next regularly scheduled payroll cycle after the Closing Date, Company shall pay to the terminated employees of the Business who are hired by Lincare any wages, benefits, bonuses or any other amount arising from employment with the Company.

3. For the entire calendar month in which the Closing Date occurs, Company agrees to maintain health coverage on those employees terminated by Company and hired by Lincare in and around the time of the Closing Date. Lincare agrees to reimburse Company for any fees associated with such coverage during such calendar month from and af


 
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