This is deal structure that Ensign uses in all its acquisitions, except for Pacific Mobile Diagnostics and Urgent Care, and it allows us to limit risk to post-transfer operational matters.
What is an asset purchase?
100
NCAA
What is the National College Athletic Association?
100
Holding each other responsible for performing our job tasks as well as possible.
What is the "A" in CAPLICO?
100
Tom
What is the name of Soon's husband?
100
The year Ensign was founded.
What is 1999?
200
A Nevada corporation is used for these entities, with names creatively chosen by Mr. Ainge (Thanks, Google Maps!)
What is the operating entity or "Opco".
200
Basketball
What is the sport of throwing a ball through an iron hoop?
200
Lionel Richie
What is the second "C" in CAPLICO?
200
What year is Chad's Boss 302?
What is 2013?
200
Ensign's first CFO.
Who is Alan Norman?
300
The agreement that outlines the responsibilities of the outgoing licensed operator and the Ensign buyer.
What is the operations transfer agreement, or the "OTA"?
300
The nickname used for placing the golf ball in the hole in one shot under par.
What is a birdie?
300
Smiling and offering a helping hand to our colleagues.
What is the "L" in CAPLICO.
300
1.5
What is the number of Juanita's kids?
300
The largest number of deals we've done in a year.
What is 22 acquisitions?
400
This is a provision that requires the seller to cover us for any claims that arise following the closing but that relate to periods that predate our ownership.
What is an "indemnity clause"?
400
Three strikes in a row in bowling.
What is a turkey?
400
Albert Einstein and Tanner Ainge!
What is the "P" in CAPLICO?
400
Notre Dame
What is Bev's Alma Mater?
400
Ensign's first receptionist.
Who is Tyler Douglas?
500
This is a provision that requires the seller to set aside a portion of the purchase price into a special account for a period of time following the closing. These funds are used to cover indemnity requirements under the PSA and OTA.
What is an escrow holdback?
500
The best BYU basketball player in the history of BYU Basketball.