Exhibit 99.1
| Monthly Operating Report |
| ACCRUAL BASIS |
CASE NAME: ADPT DFW Holdings LLC, et al. |
|
CASE NUMBER: 17-31432 (jointly administered) |
|
JUDGE: Stacey G. C. Jernigan |
UNITED STATES BANKRUPTCY COURT
NORTHERN & EASTERN DISTRICTS OF TEXAS
REGION 6
MONTHLY OPERATING REPORT
MONTH ENDING: | June |
| 2017 |
MONTH |
| YEAR |
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT, AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY) IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.
RESPONSIBLE PARTY:
/s/ Andrew Hinkelman |
| Chief Restructuring Officer |
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY |
| TITLE |
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Andrew Hinkelman |
| 7/31/2017 |
PRINTED NAME OF RESPONSIBLE PARTY |
| DATE |
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PREPARER: |
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ORIGINAL SIGNATURE OF PREPARER |
| TITLE |
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PRINTED NAME OF PREPARER |
| DATE |
Monthly Operating Report
ACCRUAL BASIS-1
CASE NAME: ADPT DFW Holdings LLC, et al. | |
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CASE NUMBER: 17-31432 (jointly administered) | |
|
| May 31, 2017 |
| June 30, 2017 |
| Notes: |
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ASSETS |
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Current assets |
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Cash |
| 24,524,218 |
| 17,625,375 |
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Accounts receivable , net of allowance |
| 32,118,436 |
| 35,590,605 |
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Other receivables and current assets |
| 7,448,004 |
| 7,186,802 |
| See detail below |
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Due from related party |
| (8,616,469 | ) | (5,734,448 | ) |
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Medical supplies inventory |
| 4,762,782 |
| 4,766,395 |
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Total Current Assets |
| 60,236,970 |
| 59,434,729 |
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Property and equipment, net |
| 29,634,163 |
| 28,980,966 |
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Investment in unconsolidated affiliates |
| 45,607,135 |
| 39,780,263 |
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Deposits |
| 1,540,260 |
| 1,540,430 |
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Deferred tax asset |
| 202,384,237 |
| 202,384,237 |
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Intangibles, net |
| 16,900,000 |
| 16,900,000 |
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Goodwill |
| 51,390,058 |
| 51,390,058 |
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Note receivable |
| 11,000,000 |
| 11,000,000 |
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Other long-term assets |
| 2,224,711 |
| 2,235,583 |
| See detail below |
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Total assets |
| 420,917,534 |
| 413,646,266 |
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LIABILITIES AND SHAREHOLDERS’ EQUITY |
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Current liabilities - Debtor Post Petition |
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Accounts payable |
| 1,427,357 |
| 1,764,457 |
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DIP Loan (with accrued PIK interest) |
| 20,069,014 |
| 25,688,215 |
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Accrued expenses |
| 19,587,441 |
| 26,736,553 |
| Refer to General Notes |
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Accrued compensation |
| 4,741,835 |
| 8,147,156 |
| Refer to General Notes |
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Total current liabilities - Debtor Post Petition |
| 45,825,647 |
| 62,336,381 |
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Current liabilities - Debtor Pre Petition |
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Accounts payable - Debtor Pre-Petition |
| 14,183,962 |
| 13,153,285 |
| Refer to General Notes |
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Total current liabilities - Debtor Pre Petition |
| 14,183,962 |
| 13,153,285 |
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Current liabilities - Other |
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Accounts payable - Non-Debtor |
| 15,568,843 |
| 13,391,010 |
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Current deferred rent |
| 925,082 |
| 920,950 |
| (1) |
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Total current liabilities - Other |
| 16,493,924 |
| 14,311,960 |
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Total current liabilities |
| 76,503,534 |
| 89,801,626 |
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Long-term liabilities |
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Current maturities of capital lease obligations |
| 120,518 |
| 120,673 |
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Current maturities of long-term debt |
| 16,379,722 |
| 11,392,421 |
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Long-term debt, less current maturities |
| 192,833,855 |
| 197,872,416 |
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Payable to related parties pursuant to tax receivable agreement |
| 237,913,559 |
| 237,913,559 |
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Mandatorily redeemable preferred stock |
| 28,685,682 |
| 28,877,729 |
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Capital lease obligations, less current maturities |
| 410,604 |
| 399,373 |
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Deferred rent, less current maturities |
| 4,696,647 |
| 4,762,338 |
| (1) |
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Due to related party |
| 59,160,274 |
| 54,804,458 |
| (1) |
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Total long-term liabilities |
| 540,200,862 |
| 536,142,966 |
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Total liabilities |
| 616,704,395 |
| 625,944,592 |
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Shareholders’ equity (deficit) |
| (195,786,862 | ) | (212,298,326 | ) |
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Total liabilities and shareholders’ equity |
| 420,917,534 |
| 413,646,266 |
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Other receivables and current assets |
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A/R NIX |
| 60,000 |
| 120,000 |
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Employee Advances |
| 27,431 |
| 23,709 |
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Accounts Receivable - Officers |
| 3,087 |
| 3,119 |
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Receivable Cash in Transit |
| 653,135 |
| 653,135 |
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Accounts Receivable - MPT |
| 4,760,035 |
| 4,407,168 |
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Prepaid Insurance |
| 541,925 |
| 366,894 |
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Prepaid Rent |
| — |
| 155,021 |
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Other Prepaid Expense |
| 542,942 |
| 395,732 |
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Prepaid Facilities Supplies |
| 16,773 |
| 16,785 |
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Prepaid Maintenance Contracts |
| 9,413 |
| 7,760 |
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Prepaid Software Licenses |
| 529,864 |
| 766,664 |
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Prepaid Licenses |
| 303,398 |
| 270,813 |
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Total |
| 7,448,004 |
| 7,186,802 |
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Other long-term assets |
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Def Lease Asset - LT |
| 133,359 |
| 130,617 |
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Deferred Lease Cost |
| 1,894,857 |
| 1,881,146 |
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Interest Receivable |
| 196,495 |
| 223,820 |
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Total |
| 2,224,711 |
| 2,235,583 |
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Notes:
Letter of Credit Obligations are not recorded on the financial statements
June covers the balances as of 06/30/2017
May covers the balances as of 05/31/2017
(1) Amount shown reflects pre and post petition amounts. Company’s standard reporting does not provide breakdown of liability
Monthly Operating Report
ACCRUAL BASIS-2
CASE NAME: ADPT DFW Holdings LLC, et al. | |
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CASE NUMBER: 17-31432 (jointly administered) | |
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| May 31, 2017 |
| June 30, 2017 |
| Notes: |
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Revenue |
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Patient service revenue |
| $ | 32,569,756 |
| $ | 24,214,346 |
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Provision for bad debts |
| (14,986,886 | ) | (7,177,368 | ) |
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Net patient service revenue |
| $ | 17,582,870 |
| $ | 17,036,978 |
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Management and contract services revenue |
| (1,663,974 | ) | 409,627 |
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Total net operating revenue |
| $ | 15,918,895 |
| $ | 17,446,605 |
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Operating Expenses |
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Salaries, wages and benefits |
| $ | (20,903,996 | ) | $ | (14,944,733 | ) |
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Equity in earnings (loss) of joint ventures |
| (9,853,254 | ) | (7,149,864 | ) |
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General and administration costs |
| (2,746,954 | ) | (2,078,216 | ) |
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Depreciation and amortization |
| (996,524 | ) | (694,345 | ) |
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Other operating expenses |
| (4,674,066 | ) | (4,068,924 | ) |
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Gain (loss) on disposal of assets |
| — |
| — |
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Operating income (loss) |
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Financing charges |
| $ | (2,061,474 | ) | $ | (1,773,541 | ) |
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Reorganization costs, net |
| (2,091,353 | ) | (3,144,564 | ) |
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Other (Adjustments to Allowed Claims, debt valuation) |
| — |
| — |
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Loss before income tax |
| $ | (27,408,726 | ) | $ | (16,407,582 | ) |
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Income tax expense |
| (407,000 | ) | — |
| (1) |
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Net Loss |
| $ | (27,815,726 | ) | $ | (16,407,582 | ) |
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Notes:
June covers the period between 06/01/2017 and 06/30/2017
May covers the period between 04/20/2017 and 05/31/2017
(1) Federal income tax expense has not been recorded in 2017. May income tax expense represents Texas Franchise tax which was due in May
Monthly Operating Report
ACCRUAL BASIS-3
CASE NAME: ADPT DFW Holdings LLC, et al. | |
|
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CASE NUMBER: 17-31432 (jointly administered) | |
|
| May 31, 2017 |
| June 30, 2017 |
| Notes: |
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Beginning Cash (Bank Balance) |
| 5,088,417 |
| 24,160,338 |
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Cash Receipts - Patient Revenue Related |
| 58,731,050 |
| 42,573,300 |
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Cash Receipts - Debt Draw Related |
| 19,900,000 |
| 5,583,400 |
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Total Cash Receipts |
| 78,631,050 |
| 48,156,700 |
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Disbursements |
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Payroll, Payroll Taxes, and Benefits |
| 20,564,918 |
| 14,207,993 |
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Physician Payroll |
| 15,193,699 |
| 15,305,429 |
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Rent & Other Occupancy |
| 6,313,035 |
| 5,909,349 |
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Utilities |
| 761,089 |
| 840,265 |
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Equipment Leases |
| 2,735,816 |
| 2,299,624 |
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Lab Fees, Supplies & Other Patient Expenses |
| 3,585,246 |
| 3,676,104 |
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Insurance |
| 2,008,517 |
| 456,578 |
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Other Disbursements |
| 6,028,695 |
| 8,044,666 |
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Professional Fees |
| 205,840 |
| 3,595,300 |
| (1) |
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Deposits |
| 729,419 |
| — |
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Critical Vendors |
| 17,175 |
| 338,908 |
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503(b)(9) |
| — |
| — |
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Priority Claims |
| — |
| — |
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Taxes |
| 1,415,680 |
| 732 |
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Total Disbursements |
| 59,559,129 |
| 54,674,948 |
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Net Cash Flow |
| 19,071,921 |
| (6,518,249 | ) |
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Ending Cash (Bank Balance) |
| 24,160,338 |
| 17,642,090 |
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Closing Balance Reconciliation |
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Book Balance |
| 24,524,218 |
| 17,625,375 |
| Book Balance of Debtors |
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Non-Debtor Accounts and Adjustments |
| 365,540 |
| 4,064,287 |
| (2) |
|
Escrow Accounts (Professional Fee and Utility) |
| (729,419 | ) | (4,047,572 | ) |
|
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Ending Cash (Bank Balance) |
| 24,160,338 |
| 17,642,090 |
| Available Bank Balance as of 06/30/2017 |
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Notes:
Cash Receipts include receipts for non-debtor facilities
Cash Disbursements include disbursements for non-debtor facilities
(1) Professional Fees represent the funding of the professional fee escrow account
(2) Non-Debtor Accounts and Adjustments include the cash receipts that have not been swept to the Debtor’s Bank of America accounts (from Colorado’s JPM Account and other Non-Debtor Bank of America accounts), as well as adjustments to include the impact of outstanding checks and other accounting reconciling items to arrive at ending bank balance
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| May 31, 2017 |
| June 30, 2017 |
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Case Number |
| Legal Entity Name |
| Receipts |
| Disbursements |
| Receipts |
| Disbursements |
| Notes | ||||
17-31432 |
| ADPT DFW Holdings LLC |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
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17-31434 |
| Adeptus Health Inc. |
| — |
| — |
| — |
| — |
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17-31435 |
| Adeptus Health LLC |
| — |
| — |
| — |
| — |
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17-31436 |
| First Choice ER, LLC |
| 39,226,369 |
| — |
| 28,243,499 |
| — |
| Includes receipts related to non-debtor entities | ||||
17-31437 |
| East Mesa Medical Center LLC |
| — |
| — |
| — |
| — |
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17-31438 |
| League City Medical Center LLC |
| — |
| — |
| — |
| — |
|
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17-31439 |
| East Pflugerville Medical Center LLC |
| 312,579 |
| 276,358 |
| 249,010 |
| 128,901 |
|
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17-31440 |
| Antoine Medical Center LLC |
| 890,092 |
| 420,427 |
| 618,790 |
| 273,269 |
|
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17-31441 |
| Legacy Trails Medical Center LLC |
| 490,525 |
| 310,288 |
| 312,154 |
| 181,077 |
|
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17-31442 |
| East Riverside Medical Center LLC |
| — |
| 217,161 |
| — |
| 87,741 |
|
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17-31443 |
| ECC Management, LLC |
| — |
| 10,166,921 |
| — |
| 9,365,045 |
| Disbursements for non-debtors shown at bottom. | ||||
17-31444 |
| Arizona General ER LLC |
| — |
| — |
| — |
| — |
|
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17-31445 |
| Lewis Center Medical Center LLC |
| — |
| — |
| — |
| — |
|
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17-31446 |
| Litchfield Park Medical Center LLC |
| — |
| — |
| — |
| — |
|
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17-31447 |
| FCER Management, LLC |
| — |
| 197 |
| — |
| — |
|
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17-31448 |
| Adeptus Health Colorado Holdings LLC |
| — |
| — |
| — |
| — |
|
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17-31449 |
| Atascocita 1960 Medical Center LLC |
| — |
| 2,647 |
| — |
| 11,369 |
|
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17-31450 |
| Louetta Medical Center LLC |
| — |
| — |
| — |
| — |
|
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17-31451 |
| First Texas Hospital Cy-Fair LLC |
| 10,009,855 |
| 8,142,241 |
| 7,194,983 |
| 4,787,755 |
|
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17-31452 |
| Rosenberg Medical Center LLC |
| — |
| — |
| — |
| — |
|
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17-31453 |
| Marrero Medical Center LLC |
| — |
| — |
| — |
| — |
|
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17-31454 |
| Austin Brodie Medical Center LLC |
| 338,874 |
| 318,070 |
| 370,613 |
| 170,544 |
|
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17-31455 |
| Adeptus Health Management LLC |
| — |
| — |
| — |
| — |
|
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17-31456 |
| Baytown Medical Center LLC |
| — |
| — |
| — |
| — |
|
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17-31457 |
| Meadowbrook Heights Medical Center LLC |
| — |
| — |
| — |
| — |
|
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17-31458 |
| Medical Center of Crosby Lynchburg LLC |
| — |
| — |
| — |
| — |
|
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17-31459 |
| Bella Terra Medical Center LLC |
| — |
| — |
| — |
| — |
|
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17-31460 |
| Roy Richard Medical Center LLC |
| — |
| — |
| — |
| — |
|
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17-31461 |
| Adeptus Health Phoenix Holdings LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31462 |
| Medical Center of Spring Rayford Richards LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31463 |
| San Antonio Nacogdoches Medical Center LLC |
| 232,761 |
| 322,361 |
| 217,338 |
| 170,352 |
|
| ||||
17-31464 |
| Four Points Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31465 |
| Mesa Tierra Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31466 |
| Adeptus Health Ventures LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31467 |
| San Tan Valley Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31468 |
| Bender’s Landing Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31469 |
| Friendswood Medical Center LLC |
| 343,012 |
| 310,901 |
| 306,215 |
| 172,520 |
|
| ||||
17-31470 |
| Midlothian Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31471 |
| ADPT Columbus Holdings LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31472 |
| Seguin Foster Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31473 |
| Mountain Park Ranch Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31474 |
| FTH Houston Partners LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31475 |
| Blacklick Woods Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31476 |
| Sienna Plantation Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31477 |
| Garland Centerville Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31478 |
| National Medical Professionals of Arizona LLC |
| 2,339,485 |
| 2,267,166 |
| 1,749,297 |
| 2,255,183 |
|
| ||||
17-31479 |
| ADPT Houston Holdings LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31480 |
| South Bend Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31481 |
| Gilbert Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31482 |
| Briar Forest-Eldridge Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31483 |
| National Medical Professionals of Ohio LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31484 |
| South Carrier Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31485 |
| Gleannloch Farms Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31486 |
| ADPT New Orleans Holdings LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31487 |
| South Green Oaks Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31488 |
| Broad Wagoner Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31489 |
| Glendale Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31490 |
| Goodyear Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31491 |
| Spanish Oaks Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31492 |
| Greenville Stacy Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31493 |
| ADPT New Orleans Management LLC |
| — |
| 166 |
| — |
| 2,364 |
|
| ||||
17-31494 |
| Brushy Creek Medical Center LLC |
| 304,642 |
| 324,261 |
| 183,342 |
| 168,158 |
|
| ||||
17-31495 |
| Spring 2920 Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31496 |
| Guadalupe River Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31497 |
| ADPT-AZ MPT Holdings LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31498 |
| Camelback 83rd Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31499 |
| Hampden Tower Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31500 |
| Spring Green Medical Center LLC |
| 147,417 |
| 293,083 |
| 120,217 |
| 134,980 |
|
| ||||
17-31501 |
| Helotes Medical Center LLC |
| 257,310 |
| 333,513 |
| 136,944 |
| 181,439 |
|
| ||||
17-31502 |
| ADPT-AZ RE Holdings LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31503 |
| SSH Medical Center LLC |
| 406,108 |
| 356,523 |
| 336,029 |
| 183,371 |
|
| ||||
17-31504 |
| Hilliard Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31505 |
| Cedar Park Lakeline Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31506 |
| Sterling Ridge Medical Center II LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31507 |
| Houston 9520 Jones Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31508 |
| ADPT-CO MPT Holdings LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31509 |
| Centennial Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31510 |
| New Orleans East Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31511 |
| Houston FM 1960 Medical Center LLC |
| — |
| — |
| — |
| 358 |
|
| ||||
17-31512 |
| ADPT-CO RE Holdings LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31513 |
| Sterling Ridge Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31514 |
| Katy ER Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31515 |
| Summerwood Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31516 |
| Center Street DP Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31517 |
| Keller Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31518 |
| Surprise Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31519 |
| ADPT-Columbus MPT Holdings LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31520 |
| Kingwood Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31521 |
| Chandler Germann Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31522 |
| SW Chandler Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31523 |
| ADPT-Columbus RE Holdings LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31524 |
| Kuykendahl Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31525 |
| Chandler Heights Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31526 |
| La Porte Medical Center LLC |
| 274,649 |
| 288,639 |
| 192,413 |
| 163,474 |
|
| ||||
17-31527 |
| ADPT-DFW MPT Holdings LLC |
| — |
| — |
| — |
| — |
|
| ||||
|
|
|
| May 31, 2017 |
| June 30, 2017 |
|
| ||||||||
Case Number |
| Legal Entity Name |
| Receipts |
| Disbursements |
| Receipts |
| Disbursements |
| Notes | ||||
17-31528 |
| Sycamore School Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31529 |
| Cinco Ranch Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31530 |
| Lakewood Forest Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31531 |
| Tempe McClintock Baseline Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31532 |
| ADPT-DFW RE Holdings LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31533 |
| ADPT-Houston MPT Holdings LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31534 |
| Tempe Rural-Baseline Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31535 |
| Colonial Lakes Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31536 |
| ADPT-Houston RE Holdings LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31537 |
| Texas Regional Hospital LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31538 |
| Northwest Harris County Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31539 |
| Colorado General Hospital LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31540 |
| Ohio General ER LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31541 |
| Victory Lakes Medical Center LLC |
| 165,247 |
| 311,207 |
| 108,862 |
| 162,597 |
|
| ||||
17-31542 |
| ADPT-LA MPT Holdings LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31543 |
| Wadsworth-Belleview Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31544 |
| Conroe Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31545 |
| ADPT-LA RE Holdings LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31546 |
| Waterside Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31547 |
| Ohio General Hospital LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31548 |
| AJNH Medical Center LLC |
| 325,830 |
| 287,605 |
| 268,269 |
| 129,239 |
|
| ||||
17-31549 |
| Opfree Licensing LP |
| — |
| — |
| — |
| — |
|
| ||||
17-31550 |
| White Settlement Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31551 |
| Converse Medical Center LLC |
| 350,204 |
| 326,625 |
| 235,747 |
| 168,530 |
|
| ||||
17-31552 |
| Wilderness-Hardy Oak Medical Center LLC |
| 7,835 |
| 62,715 |
| 3,998 |
| 54,824 |
|
| ||||
17-31553 |
| Alamo Heights SA Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31554 |
| Copperwood Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31555 |
| William Cannon Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31556 |
| Algiers Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31557 |
| Creekside Forest Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31558 |
| OpFree RE Investments, Ltd. |
| — |
| — |
| — |
| — |
|
| ||||
17-31559 |
| Culebra-Tezel Medical Center LLC |
| 357,289 |
| 279,070 |
| 240,585 |
| 133,524 |
|
| ||||
17-31560 |
| De Zavala Medical Center LLC |
| 545,648 |
| 321,881 |
| 323,858 |
| 187,149 |
|
| ||||
17-31561 |
| Alvin Medical Center LLC |
| 334,459 |
| 298,460 |
| 290,107 |
| 167,698 |
|
| ||||
17-31562 |
| OpFree, LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31563 |
| Dublin Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31564 |
| Anthem Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31565 |
| Eagles Nest Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31566 |
| Pearland 518 Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31567 |
| Pearland Parkway Medical Center LLC |
| 425,871 |
| 314,559 |
| 346,854 |
| 183,756 |
|
| ||||
17-31568 |
| Pearland Sunrise Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31569 |
| Pflugerville Medical Center LLC |
| 300,046 |
| 260,700 |
| 269,051 |
| 124,272 |
|
| ||||
17-31570 |
| Potranco Medical Center LLC |
| 344,943 |
| 337,727 |
| 255,125 |
| 170,162 |
|
| ||||
17-31571 |
| Provinces Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
17-31572 |
| Queen Creek Medical Center LLC |
| — |
| — |
| — |
| — |
|
| ||||
Non-Debtor |
| Non-Debtor |
| — |
| 32,407,656 |
| — |
| 34,755,297 |
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
Total |
|
|
| $ | 58,731,050 |
| $ | 59,559,129 |
| $ | 42,573,300 |
| $ | 54,674,948 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
Cash Receipts - Debt Draw Related |
| 19,900,000 |
| — |
| 5,583,400 |
| — |
|
| ||||||
Total |
|
|
| $ | 78,631,050 |
| $ | 59,559,129 |
| $ | 48,156,700 |
| $ | 54,674,948 |
|
|
Monthly Operating Report
ACCRUAL BASIS-4
CASE NAME: ADPT DFW Holdings LLC, et al.
CASE NUMBER: 17-31432 (jointly administered)
ACCOUNTS RECEIVABLE AGING |
| SCHEDULE |
| May |
| June |
| MONTH |
| ||||
1. 0-30 |
|
|
| $ | 21,318,088 |
| $ | 19,391,277 |
|
|
| ||
2. 31-60 |
|
|
| $ | 18,224,154 |
| $ | 14,617,672 |
|
|
| ||
3. 61-90 |
|
|
| $ | 15,746,958 |
| $ | 13,999,090 |
|
|
| ||
4. 91+ |
|
|
| $ | 94,060,896 |
| $ | 103,550,653 |
|
|
| ||
5. TOTAL ACCOUNTS RECEIVABLE (1) |
| $ | 135,478,478 |
| $ | 149,350,096 |
| $ | 151,558,693 |
| $ | 0 |
|
6. RESERVES AND RECONCILING ITEMS (2) |
| $ | (106,121,501 | ) | $ | (122,319,348 | ) | $ | (119,554,942 | ) |
|
| |
7. Non-Debtor NMP Net A/R (3) |
| $ | 0 |
| $ | 5,087,688 |
| $ | 3,586,853 |
|
|
| |
8. ACCOUNTS RECEIVABLE (NET) |
| $ | 29,356,978 |
| $ | 32,118,436 |
| $ | 35,590,605 |
| $ | 0 |
|
(1) Schedules did not reflect aging of A/R, as such all amounts are shown in total line.
(2) Includes reconciliation items to GL including: hold accruals and bill out of service months.
(3) Debtor financials include A/R balances for NMP for owned locations in Austin, Houston and San Antonio.
AGING OF POSTPETITION TAXES AND PAYABLES | MONTH: June 2017 |
TAXES PAYABLE |
| 0-30 |
| 31-60 |
| 61-90 |
| 91+ |
| TOTAL |
| |||||
1. FEDERAL |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
2. STATE |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
3. LOCAL |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
4. OTHER (ATTACH LIST) |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
5. TOTAL TAXES PAYABLE |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6. ACCOUNTS PAYABLE (4) |
| $ | 1,732,082 |
| $ | 32,375 |
| $ | 0 |
| $ | 0 |
| $ | 1,764,457 |
|
(4) Only includes aging for post-petition accounts payable for Debtors
STATUS OF POSTPETITION TAXES | MONTH: June 2017 |
|
| BEGINNING |
| AMOUNT |
| AMOUNT |
| ENDING |
| ||||
FEDERAL |
|
|
|
|
|
|
|
|
| ||||
1. WITHHOLDING |
| $ | 0 |
| $ | 704,962 |
| $ | 704,962 |
| $ | 0 |
|
2. FICA-EMPLOYEE |
| $ | 0 |
| $ | 372,955 |
| $ | 372,955 |
| $ | 0 |
|
3. FICA-EMPLOYER |
| $ | 0 |
| $ | 371,098 |
| $ | 371,098 |
| $ | 0 |
|
4. UNEMPLOYMENT |
| $ | 0 |
| $ | 2,206 |
| $ | 2,206 |
| $ | 0 |
|
5. INCOME |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
6. OTHER (ATTACH LIST) |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
7. TOTAL FEDERAL TAXES |
| $ | 0 |
| $ | 1,451,221 |
| $ | 1,451,221 |
| $ | 0 |
|
STATE AND LOCAL |
|
|
|
|
|
|
|
|
| ||||
8. WITHHOLDING |
| $ | 0 |
| $ | 4,602 |
| $ | 4,602 |
| $ | 0 |
|
9. SALES |
| $ | 0 |
| $ | 140 |
| $ | 140 |
| $ | 0 |
|
10. EXCISE |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
11. UNEMPLOYMENT |
| $ | 0 |
| $ | 9,557 |
| $ | 9,557 |
| $ | 0 |
|
12. REAL PROPERTY |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
13. PERSONAL PROPERTY |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
14. OTHER (ATTACH LIST) |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
15. TOTAL STATE & LOCAL |
| $ | 0 |
| $ | 14,299 |
| $ | 14,299 |
| $ | 0 |
|
16. TOTAL TAXES |
| $ | 0 |
| $ | 1,465,521 |
| $ | 1,465,521 |
| $ | 0 |
|
Monthly Operating Report
ACCRUAL BASIS-5
CASE NAME: ADPT DFW Holdings LLC, et al.
CASE NUMBER: 17-31432 (jointly administered)
| MONTH: June 2017 | |
BANK RECONCILIATIONS - Attached Schedule |
|
|
No. |
| Account Owner |
| Bank |
| Account Type |
| Last 4 Digits of Bank |
| General Ledger |
| Balance Per Bank |
| Add: Total Deposits |
| Subtract: |
| Other Reconciling |
| Month End Balance |
| Number of Last |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
| 17-31451 - First Texas Hospital Cy-Fair LLC |
| Bank of America Merrill Lynch |
| Government Deposit Account |
| 0602 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
2 |
| 17-31451 - First Texas Hospital Cy-Fair LLC |
| Bank of America Merrill Lynch |
| Non-Government Deposit Account |
| 0615 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
3 |
| 17-31451 - First Texas Hospital Cy-Fair LLC |
| Bank of America Merrill Lynch |
| Operating Account |
| 0592 |
| 10460 |
| 37,849 |
| — |
| — |
| (7,732 | ) | 30,117 |
| n/a |
|
4 |
| 17-31451 - First Texas Hospital Cy-Fair LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 0663 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
5 |
| 17-31451 - First Texas Hospital Cy-Fair LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 0676 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
6 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 6440 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
7 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 7882 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
8 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 4043 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
9 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 3757 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
10 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 9898 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
11 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 7074 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
12 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 7087 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
13 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 7113 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
14 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 7126 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
15 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 7139 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
16 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 7155 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
17 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 7184 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
18 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 7197 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
19 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 3744 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
20 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 3656 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
21 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 3387 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
22 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 8453 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
23 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 8466 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
24 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 2135 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
25 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 9581 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
26 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 9594 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
27 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 5452 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
28 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 5183 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
29 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 5497 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
30 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 5507 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
31 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 6849 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
32 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 8387 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
33 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 0385 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
34 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 3463 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
35 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 3489 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
36 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 5470 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
37 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 6437 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
38 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 4030 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
39 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 6122 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
40 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 6968 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
41 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 6971 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
42 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 7168 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
43 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 3728 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
44 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 9022 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
45 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 2151 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
46 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 9604 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
47 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 5170 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
48 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 5510 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
49 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 0398 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
50 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 3476 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
51 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 5829 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
52 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 2427 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
53 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 0692 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
54 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 0702 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
55 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 5832 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
56 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 9620 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
57 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Facility Sub Account |
| 9633 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
58 |
| 17-31478 - National Medical Professionals of Arizona LLC |
| Bank of America Merrill Lynch |
| Government Deposit Account |
| 7384 |
| 10360 |
| 403 |
| — |
| — |
| — |
| 403 |
| n/a |
|
59 |
| 17-31478 - National Medical Professionals of Arizona LLC |
| Bank of America Merrill Lynch |
| Non-Government Deposit Account |
| 7397 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
60 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Concentration Account |
| 8001 |
| 10220 |
| 15,459,150 |
| — |
| — |
| 159,167 |
| 15,618,317 |
| n/a |
|
61 |
| 17-31443 - ECC Management, LLC |
| Bank of America Merrill Lynch |
| Checking Disbursement Account |
| 0174 |
| 10210 |
| 1,048,096 |
| — |
| (3,705,419 | ) | — |
| (2,657,323 | ) | 73592 |
|
62 |
| 17-31443 - ECC Management, LLC |
| Bank of America Merrill Lynch |
| Disbursement Account - Utility Escrow |
| 2984 |
| n/a |
| 729,419 |
| — |
| — |
| — |
| 729,419 |
| n/a |
|
63 |
| 17-31443 - ECC Management, LLC |
| Bank of America Merrill Lynch |
| Disbursement Account - Prof Fees Escro |
| 6029 |
| 6029 |
| 3,318,153 |
| — |
| — |
| — |
| 3,318,153 |
| n/a |
|
63 |
| 17-31447 - FCER Management, LLC |
| Bank of America Merrill Lynch |
| Exception Item Disbursement Account |
| 7964 |
| 10240 |
| 473,233 |
| — |
| — |
| — |
| 473,233 |
| 1042 |
|
64 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| ACH Disbursement Account |
| 6981 |
| n/a |
| — |
| — |
| — |
| — |
| — |
| n/a |
|
65 |
| 17-31436 - First Choice ER, LLC |
| Bank of America Merrill Lynch |
| Employee Funded FSA/HSA Account |
| 9143 |
| 10250 |
| 86,075 |
| — |
| — |
| — |
| 86,075 |
| 2360 |
|
66 |
| Currency on Hand |
| N/A |
| Currency on Hand |
| n/a |
| n/a |
| 26,982 |
| — |
| — |
| — |
| 26,982 |
| n/a |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
| 21,179,359 |
| — |
| (3,705,419 | ) | 151,434 |
| 17,625,375 |
|
|
|
Monthly Operating Report
ACCRUAL BASIS-6
CASE NAME: ADPT DFW Holdings LLC, et al.
CASE NUMBER: 17-31432 (jointly administered)
MONTH: June 2017
PAYMENTS TO INSIDERS AND PROFESSIONALS
INSIDERS | |||||||||
|
|
|
|
|
|
|
| ||
|
| TYPE OF |
| AMOUNT |
| TOTAL PAID |
| ||
NAME |
| PAYMENT |
| PAID |
| TO DATE |
| ||
1. Multiple |
| Salary |
| $ | 576,003 |
| $ | 1,184,577 |
|
2. Multiple |
| Expense Reimbursement |
| 23,899 |
| 95,638 |
| ||
3. |
|
|
|
|
|
|
| ||
4. |
|
|
|
|
|
|
| ||
5. |
|
|
|
|
|
|
| ||
6. TOTAL PAYMENTS TO INSIDERS |
| $ | 599,902 |
| $ | 1,280,215 |
| ||
PROFESSIONALS
|
| DATE OF COURT |
|
|
|
|
|
|
| TOTAL |
| |||
|
| ORDER AUTHORIZING |
| AMOUNT |
| AMOUNT |
| TOTAL PAID |
| INCURRED |
| |||
NAME |
| PAYMENT |
| APPROVED |
| PAID |
| TO DATE |
| & UNPAID |
| |||
1. Houlihan Lokey |
| Docket 293 Dated June 6th, 2017 (Final Order Authorizing Use Of Cash Collateral) |
| As Invoiced |
| 101,827 |
| 307,667 |
| $ | 0 |
| ||
2. Epiq |
| Docket 293 Dated June 6th, 2017 (Final Order Authorizing Use Of Cash Collateral) |
| As Invoiced |
| 175,320 |
| 175,320 |
| $ | 0 |
| ||
3. |
|
|
|
|
|
|
|
|
|
|
| |||
4. |
|
|
|
|
|
|
|
|
|
|
| |||
5. |
|
|
|
|
|
|
|
|
|
|
| |||
6. TOTAL PAYMENTS TO PROFESSIONALS |
|
|
| $ | 277,147 |
| $ | 482,987 |
| $ | 0 |
| ||
POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS
The Debtors have paid an aggregate of $2,760,000 in rental obligations (equipment, land, buildings, etc.) in accordance with the terms of certain leases for June 2017.
Monthly Operating Report
ACCRUAL BASIS-7
CASE NAME: ADPT DFW Holdings LLC, et al.
CASE NUMBER: 17-31432 (jointly administered)
MONTH: June 2017
QUESTIONNAIRE
|
| YES |
| NO |
1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? |
|
|
| X |
2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? |
|
|
| X |
3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? |
| X |
|
|
4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? |
| X |
|
|
5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? |
| X |
|
|
6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? |
|
|
| X |
7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? |
|
|
| X |
8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? |
|
|
| X |
9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? |
|
|
| X |
10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? |
|
|
| X |
11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? |
|
|
| X |
12. ARE ANY WAGE PAYMENTS PAST DUE? |
|
|
| X |
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS “YES,” PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
3. The Debtors have receivables on account of intercompany transfers and transfer to Non-Debtor JV entities that have been made in the ordinary course of business.
4. Payments have been made by Debtors in accordance with the critical vendor order(s).
5. The Court approved the DIP financing. See Docket #293.
INSURANCE
|
| YES |
| NO |
1. ARE WORKER’S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? |
| X |
|
|
2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? |
| X |
|
|
3. PLEASE ITEMIZE POLICIES BELOW. |
|
|
|
|
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS “NO,” OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.
Refer to Insurance Order Docket #13
INSTALLMENT PAYMENTS
TYPE OF |
| CARRIER |
| PERIOD COVERED |
| PAYMENT AMOUNT |
Refer to Insurance Order Docket # 13 | ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
