December 20, 2014 3:52 AM ET

Healthcare Providers and Services

Company Overview of Integrated Healthcare Holdings Inc.

Company Overview

Integrated Healthcare Holdings, Inc. owns and operates general hospitals and related healthcare facilities in Orange County, California. The company operates 4 hospital facilities that include a 282-bed Western Medical Center in Santa Ana; a 188-bed Western Medical Center in Anaheim; a 178-bed Coastal Communities Hospital in Santa Ana; and a 114-bed Chapman Medical Center in Orange. Its Western Medical Center in Santa Ana provides services and facilities comprising trauma center, burn center, emergency and scheduled neurosurgical care, cardiac surgical, and paramedic base station and receiving center services; intensive care units for adults and pediatrics; a neonatal intensive care unit; an...

1301 North Tustin Avenue

Santa Ana, CA 92705

United States

3,012 Employees

Phone:

714-953-3652

Fax:

714-953-3384

Key Executives for Integrated Healthcare Holdings Inc.

Chief Executive Officer
Age: 64
Chief Financial Officer and Executive Vice President of Finance
Age: 61
Chief Operating Officer and Executive Vice President of Operations
Age: 59
Senior Vice President of Contracts & Special Projects
Age: 55
Chief Accounting Officer and Treasurer
Age: 67
Compensation as of Fiscal Year 2014.

Integrated Healthcare Holdings Inc. Key Developments

Integrated Healthcare Holdings Inc. Files Form 15

Integrated Healthcare Holdings Inc. announced that it has filed Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock of par value $0.001 per share under the Securities Exchange Act of 1934, as amended.

Apollo Medical Holdings, Inc. and Integrated Healthcare Holdings, Inc. Sign Hospital ACO Participation Agreement with ApolloMed ACO

Apollo Medical Holdings, Inc. announced that Integrated Healthcare Holdings, Inc. has signed a hospital ACO (Accountable Care Organization) participation agreement with ApolloMed ACO in Orange County, California. Under the terms of the agreement, ApolloMed and IHHI will partner to provide ACO patients with high quality care focused on achieving better outcomes at lower costs. ApolloMed will also work with IHHI aligned providers to share clinical data, manage high-risk patients, coordinate care across each patient's full care continuum and to establish quality benchmarks for the delivery of highly attentive care.

Integrated Healthcare Holdings Inc., Wmc-A Inc., Wmc-Sa Inc., Chapman Medical Center, Inc. and Coastal Communities Hospital Inc. Enter into an Amendment Credit and Security Agreement and Limited Waiver

On March 25, 2013, Integrated Healthcare Holdings Inc. (IHHI) and its subsidiaries, WMC-A Inc., WMC-SA Inc., Chapman Medical Center Inc. and Coastal Communities Hospital Inc. (together with IHHI, the Company), entered into Amendment No. 5 to Credit and Security Agreement and Limited Waiver (the Revolving Loan Amendment), which amends the Credit and Security Agreement, dated as of August 30, 2010, as amended (the Revolving Loan Agreement), with MidCap Funding IV, LLC, as assigned to it from MidCap Financial, LLC, as administrative agent and a lender. Revolving Loan Amendment provides an increase in the Revolving Loan Commitment amount from $30,000,000 to $35,000,000. The Applicable Margin was changed: (a) from 3.00% to 2.25% with respect to Revolving Loans bearing interest upon the Base Rate and (b) from 5.00% to 4.25% for all other Revolving Loans and Obligations. The Commitment Expiry Date was extended to March 25, 2016. certain modifications were made to the definitions of Permitted Indebtedness and Prepayment Fee and the lockbox requirements. and the Company was granted a waiver of certain prior Events of Default or Defaults under the Revolving Loan Agreement and a waiver of the requirement to comply with the Fixed Charge Coverage Ratio covenant for the Defined Period ending March 31, 2013. Pursuant to that certain Credit and Security Agreement dated as of August 30, 2010 by and among Borrowers, other borrowers party thereto, Agent and Lenders, as amended by that certain Amendment No. 1 to Credit and Security Agreement dated as of October 29, 2010, that certain Amendment No. 2 to Credit and Security Agreement dated as of June 8, 2012, that certain Amendment No. 3 to Credit and Security Agreement dated as of August 1, 2012, that certain Amendment No. 4 to Credit and Security Agreement and Limited Consent dated as of February 7, 2013, and as otherwise modified to the date hereof (as so amended and modified, the “Credit Agreement”), Agent and Lenders agreed to make available to Borrowers a revolving credit facility in the initial principal amount of up to $40,000,000, as of the Closing Date. Pursuant to that certain Amendment No. 1 to Credit and Security Agreement, and in accordance with Section 2.1 of the Credit Agreement in effect prior to such amendment, Borrowers, Agent and Lenders amended the Credit Agreement to increase the Revolving Loan Commitment from $40,000,000 to $45,000,000. In accordance with Section 2.1(b)(iii)(B) of the Credit Agreement, as amended, Borrowers elected to permanently reduce the Revolving Loan Commitment on January 1, 2011, from $45,000,000 to $40,000,000, on January 18, 2011, from $40,000,000 to $30,000,000, on March 18, 2011, from $30,000,000 to $20,000,000, and on June 8, 2012, from $20,000,000 to $14,000,000. Pursuant to that certain Amendment No. 3 to Credit and Security Agreement, Borrowers, Agent and Lenders amended the Credit Agreement to increase the Revolving Loan Commitment from $14,000,000 to $30,000,000.

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