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Subsequent Events
6 Months Ended
Jun. 30, 2014
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

We evaluate events and transactions that occur after the balance sheet date as potential subsequent events.

On July 30, 2014, the Company entered into a credit agreement with Wells Fargo, National Association, for a $5.0 million revolving line of credit (the "Credit Agreement"). The obligation, to repay advances under the Credit Agreement will be evidenced by a committed revolving line of credit note (the “Note”), with a fluctuating interest rate per annum 1.75% above daily one month LIBOR, as in effect from time to time. The Note matures on June 1, 2016, and all borrowings under the Credit Agreement are due and payable on that date. The obligations under the Credit Agreement and the Note are secured by all the assets of the Company and its subsidiaries.

The borrowings under the Credit Agreement are also secured by guarantees provided by a group of affiliated individuals including John Pappajohn, Mark C. Oman, Matt Kinley, Richard Turner and Matthew Thompson and other non-affiliated investors (each a “Guarantor” and collectively, the “Guarantors”). In connection with the guarantees, on July 30, 2014, the Company issued to the Guarantors warrants to purchase an aggregate of 800,000 shares of common stock of the Company at $3.15 per share in consideration of the Guarantors entering into the guarantees in connection with the Credit Agreement. The warrants vest immediately and are exercisable any time prior to their expiration on October 30, 2019.

In addition, on June 12, 2014, the Company, through its indirect wholly-owned subsidiary ACSH Urgent Care of Florida, LLC, entered into an asset purchase agreement with Bay Walk-In Clinic, Inc. and other seller parties to acquire substantially all of the assets of two urgent care centers. One center is located in Panama City, Florida and the other is located in Panama City Beach, Florida. The purchase price is $2.2 million, payable by delivery of $1.5 million of cash and $700,000 promissory notes. The transaction is subject to the terms and conditions of the asset purchase agreement, including customary closing conditions. The closing of the transaction is expected to occur in the third quarter of 2014.