Borrowings and Capital Lease Obligations (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Short-Term Debt Obligations

The Company’s short-term debt obligations are as follows:

	Rate (1)		June 30, 2014		December 31, 2013
Note payable - Legacy			$	—	$	2,814,027
Note payable - S&H leasing				—		1,865,600
Note payable - working capital				—		800,000
Insurance premium financings	3.9 - 4.8%			583,663		101,135
Note payable - Medicare cost report		10.1%		46,815		84,065
Short-term debt			$	630,478	$	5,664,827

(1) Effective rate as of June 30, 2014

Schedule of Borrowings and Capital Lease Obligations

The Company’s borrowings and capital lease obligations included in discontinued operations are as follows:

	June 30, 2014		December 31, 2013
Short-term Debt
Arvest bank	$	—	$	3,994,932
Long-term Debt
Sleep center notes payable		—		28,723
Equipment capital leases		—		49,389
Total		—		78,112
Less: Current portion of long term debt		—		(68,143	)
Long-term debt	$	—	$	9,969

Schedule of Applicable Margins Rate

The Applicable Margins are as follows:

	Applicable Margin
Senior Debt Ratio	Revolving Loan	Term Loan
≥ 2.5x	3.75%	4.25%
< 2.5x, but ≥ 2.0x	3.25%	3.75%
< 2.0 x	2.75%	3.25%

Schedule of Future Maturities of Long-Term Debt

At June 30, 2014, future maturities of long-term debt were as follows:

Twelve months ended June 30:
2015	$	3,146,727
2016		4,226,915
2017		4,209,171
2018		4,052,562
2019		4,022,451
Thereafter		9,000,000

Continuing Operations

Schedule of Borrowings and Capital Lease Obligations

The Company’s long-term debt and capital lease obligations are as follows:

	Rate (1)			Maturity Date	June 30, 2014			December 31, 2013
Senior Lender:
Note payable			4.4%	Jul. 2021	$	27,500,000		$	—
Other Lenders:
Line of credit						—			896,000
Notes payable - working capital						—			3,715,088
Note payable - equity investments						—			3,270,427
Note payable - management agreements						—			640,466
Note payable - assumption						—			146,857
Note payable - preferred interest redemption						—			5,100,000
Note payable - settlements		5.25 - 5.75%		Apr. 2016 - Jan. 2018		232,787			1,189,725
Note payable - THE		4.6 - 8.0%		Jan. 2015 - Feb. 2016		233,252			311,149
Notes payable - physician partners						—			103,604
Notes payable - acquisition			6.0%	Dec. 2014 - Oct. 2015		78,355			99,610
Capital Lease Obligations			5.5 - 9.1%			613,432			2,477,985
Total						28,657,826			17,950,911
Less: Current portion of long-term debt						(3,146,727	)		(7,919,179	)
Long-term debt					$	25,511,099		$	10,031,732

(1) Effective rate as of June 30, 2014