Legal Opinion
Southern Healthcare Systems, Inc. v. Health Care Capital Consolidated, Inc.
Supreme Court of Georgia
Decided April 30, 2001No. S01A0242PublishedCited by 7 opinions
1Opinion of the Court
Thompson, Justice.
Southern Healthcare Systems, Inc. (“SHS”), a non-profit Louisiana corporation, owns several long-term health care facilities in Tennessee, Texas, and Kentucky. In 1990, it entered into agreements with Health Care Capital, Inc. (“HCC”), a Georgia corporation, to manage the facilities. In connection therewith, SHS gave HCC a promissory note in the amount of $3,000,000. Because SHS was already indebted to other lenders at that time, the note was subordinated to the other loan agreements.
A provision of the subordinated note reads: “[T]he holder of this note shall have the right…
2Cases cited7 opinions
- Southern Business MacHines of Savannah, Inc. v. Norwest Financial Leasing, Inc.Court of Appeals of Georgia · 1990
- Sherrer v. HaleSupreme Court of Georgia · 1982
- Georgia Railroad Bank & Trust Co. v. BartonCourt of Appeals of Georgia · 1984
- Herring v. R. L. Mathis Certified Dairy Co.Court of Appeals of Georgia · 1970
- Besser v. RuleSupreme Court of Georgia · 1999
2 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Foxy Lady, Inc. v. City of Atlanta, GeorgiaCourt of Appeals for the Eleventh Circuit · 2003
- Printis v. Bankers Life Ins. Co., Inc.Court of Appeals of Georgia · 2002
- Wright v. AFLAC, INC.Court of Appeals of Georgia · 2007
- Murphy v. McMasterSupreme Court of Georgia · 2009
- Southern Healthcare System, Inc. v. Health Care Capital Consolidated, Inc.Supreme Court of Georgia · 2002
2 more not listed; retrieve them via the Exa API.