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Agreement and Plan of Merger
Agreement and Plan of Merger (245K)
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{DOCUMENT}
{TYPE}EX-99
{SEQUENCE}4
{FILENAME}mv3-9ex99_2.txt
{DESCRIPTION}99.2
{TEXT}
Exhibit 99.2
EXECUTION COPY
AGREEMENT AND PLAN OF MERGER
BY AND AMONG
UNIVERSAL AMERICAN FINANCIAL CORP.,
HHS ACQUISITION CORP.,
HERITAGE HEALTH SYSTEMS, INC.
AND
CARLYLE VENTURE PARTNERS, L.P.,
as the Stockholder Representative
Dated as of March 9, 2004
{PAGE}
TABLE OF CONTENTS
-----------------
{TABLE}
{CAPTION}
Section Page
------- ----
{S} {C}
Article I DEFINITIONS ...............................................................................1
1.1 Certain Definitions.............................................................................1
Article II THE MERGER................................................................................10
2.1 The Merger.....................................................................................10
2.2 Closing........................................................................................10
2.3 Effective Time.................................................................................10
2.4 Effects of the Merger..........................................................................10
2.5 Certificate of Incorporation and By-laws.......................................................10
2.6 Directors......................................................................................11
2.7 Officers.......................................................................................11
Article III EFFECT OF THE MERGER ON THE SECURITIES OF THE COMPANY AND MERGER SUB......................11
3.1 Effect on Capital Stock........................................................................11
3.2 Payment for Company Securities.................................................................15
3.3 Aggregate Consideration Spreadsheet............................................................18
3.4 Stockholder Representative Reserve.............................................................18
3.5 Payment of Bonuses and Transaction Expenses....................................................19
Article IV TERMINATION, AMENDMENT AND WAIVER.........................................................19
4.1 Termination of Agreement.......................................................................19
4.2 Procedure Upon Termination.....................................................................20
4.3 Effect of Termination..........................................................................20
Article V REPRESENTATIONS AND WARRANTIES OF THE COMPANY.............................................20
5.1 Organization and Good Standing.................................................................20
5.2 Authorization of Agreement.....................................................................20
5.3 Conflicts; Consents of Third Parties...........................................................21
5.4 Capitalization.................................................................................22
5.5 Subsidiaries...................................................................................22
5.6 Corporate Records..............................................................................23
5.7 Financial Statements...........................................................................23
5.8 No Undisclosed Liabilities.....................................................................25
{PAGE}
5.9 Absence of Certain Developments................................................................25
5.10 Taxes..........................................................................................27
5.11 Real Property..................................................................................30
5.12 Assets.........................................................................................31
5.13 Intellectual Property..........................................................................31
5.14 Material Contracts.............................................................................32
5.15 Employee Benefits .............................................................................34
5.16 Labor..........................................................................................36
5.17 Litigation.....................................................................................36
5.18 Compliance with Laws; Authorizations...........................................................37
5.19 Environmental Matters..........................................................................38
5.20 Insurance......................................................................................38
5.21 Providers......................................................................................39
5.22 Members........................................................................................39
5.23 Related Party Transactions.....................................................................39
5.24 Fraud and Abuse................................................................................39
5.25 Health Professional's Financial Relationships; Disqualified Individuals........................40
292376
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UAF
As referenced in this Agreement and Plan of Merger:
UNIVERSAL AMERICAN FINANCIAL CORP – SEQUENCE}4
{FILENAME}mv3-9ex99_2.txt
{DESCRIPTION}99.2
{TEXT}
Exhibit 99.2
EXECUTION COPY
AGREEMENT AND PLAN OF MERGER
BY AND AMONG
UNIVERSAL AMERICAN FINANCIAL CORP .,
HHS ACQUISITION CORP.,
HERITAGE HEALTH SYSTEMS, INC.
AND
CARLYLE VENTURE PARTNERS, L.P.,
as the Stockholder Representative
Dated as of March 9,
_____________
Universal American Financial Corp – PAGE}
AGREEMENT AND PLAN OF MERGER
THIS AGREEMENT AND PLAN OF MERGER, dated as of March 9, 2004 (this
"Agreement"), by and among Universal American Financial Corp ., a corporation
existing under the laws of New York ("Parent"), HHS Acquisition Corp., a
corporation existing under the laws of Delaware and
_____________
Universal American Financial Corp – Avenue, NW
Suite 220 South Washington, DC 20004-2505
Facsimile: (202) 347-1818
Attention:Ryan Schwarz
If to Parent or Merger Sub, to:
Universal American Financial Corp .
Six International Drive, Suite 190
Rye Brook, N.Y. 10573
Facsimile: (914) 934-2949
Attention: Robert A. Waegelein
64
{PAGE}
With a
_____________
UNIVERSAL AMERICAN FINANCIAL CORP – hereto have caused this Agreement to
be executed by their respective officers thereunto duly authorized, all as of
the date first written above.
UNIVERSAL AMERICAN FINANCIAL CORP .
By:
------------------------------------------------
Name:
Title:
HHS ACQUISITION CORP.
By:
------------------------------------------------
Name:
Title:
HERITAGE HEALTH SYSTEMS, INC.
By:
------------------------------------------------
Name:
Title:
CARLYLE VENTURE PARTNERS, L.P.
By:
------------------------------------------------
_____________
dt 231230
;
Heritage Health
As referenced in this Agreement and Plan of Merger:
HERITAGE HEALTH SYSTEMS, INC – 99.2
{TEXT}
Exhibit 99.2
EXECUTION COPY
AGREEMENT AND PLAN OF MERGER
BY AND AMONG
UNIVERSAL AMERICAN FINANCIAL CORP.,
HHS ACQUISITION CORP.,
HERITAGE HEALTH SYSTEMS, INC .
AND
CARLYLE VENTURE PARTNERS, L.P.,
as the Stockholder Representative
Dated as of March 9, 2004
{PAGE}
TABLE OF CONTENTS
-----------------
{TABLE}
{CAPTION}
_____________
Heritage Health Systems, Inc – York ("Parent"), HHS Acquisition Corp., a
corporation existing under the laws of Delaware and a direct, wholly-owned
subsidiary of Parent ("Merger Sub"), Heritage Health Systems, Inc ., a
corporation existing under the laws of Delaware (the "Company"), and Carlyle
Venture Partners, L.P., a Delaware limited partnership as the
_____________
Heritage Health Systems, Inc – number as a party may have specified by notice
given to the other party pursuant to this provision):
If to the Company, to :
Heritage Health Systems, Inc .
5141 Virginia Way, Ste 260
Brentwood, TN 37027
Facsimile:(615) 383-8760
Attention:Rock A. Morphis
With a copy to:
Alston & Bird
_____________
HERITAGE HEALTH SYSTEMS, INC – duly authorized, all as of
the date first written above.
UNIVERSAL AMERICAN FINANCIAL CORP.
By:
------------------------------------------------
Name:
Title:
HHS ACQUISITION CORP.
By:
------------------------------------------------
Name:
Title:
HERITAGE HEALTH SYSTEMS, INC .
By:
------------------------------------------------
Name:
Title:
CARLYLE VENTURE PARTNERS, L.P.
By:
------------------------------------------------
Name:
Title:
66
{/TEXT}
{/DOCUMENT}
_____________
dt 263974
;
 Weil Gotshal
As referenced in this Agreement and Plan of Merger:
Weil, Gotshal – thereof by the party entitled to waive
that condition), the closing of the Merger (the "Closing") shall take place at
the offices of Weil, Gotshal & Manges LLP located at 767 Fifth Avenue, New York,
New York 10153 (or at such other place as the parties may designate
_____________
Weil, Gotshal – International Drive, Suite 190
Rye Brook, N.Y. 10573
Facsimile: (914) 934-2949
Attention: Robert A. Waegelein
64
{PAGE}
With a copy to:
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Facsimile: (212) 310-8007
Attention: Marita A. Makinen, Esq.
10.8 Severability. If
_____________
dt 241725
;
| HHS Acquisition Corp.;
Carlyle Venture Partners, L.P.
|