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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): MARCH 31, 1997
MEDICAL INCOME PROPERTIES 2A
LIMITED PARTNERSHIP
(Exact name of Registrant as Specified in its Charter)
Delaware 33-6122-01 59-2724921
(State or other Jurisdiction of (Commission File Number) (IRS Employer
Incorporation or Organization) Identification No.)
Medical Income Properties 2A Limited Partnership
7000 Central Parkway, Suite 850
Atlanta, Georgia 30328
(Address of principal executive offices) (Zip Code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (770) 668-1080
(Former name or former address, if changed since last report)
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This Report contains a total of 2 pages.
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On March 31, 1997, Medical Income Properties 2A Limited Partnership (the
"Partnership") closed the sale of its interests in its seven remaining long-term
care facilities in Alabama, Texas and Illinois, and the personal property and
intangible assets related to the operation of those facilities (the
"Properties"). The Properties in Alabama and Texas were sold to Omega
Healthcare Investors, Inc., a Maryland corporation ("Omega"), pursuant to the
asset Purchase and Sale Agreement effective as of February 3, 1997 (the "Sale
Agreement"), by and among the Partnership, Qualicorp Management, Inc., the
managing general partner of the Partnership, and Omega previously reported by
the Partnership. The Properties in Illinois were sold to OHI (Illinois), Inc.
an Illinois corporation ("OHI"), because of an assignment of certain rights of
Omega to OHI under the Sale Agreement.
Aggregate net proceeds from the sale of the Properties was $19,642,863.
The net proceeds and other assets of the Partnership will be distributed to the
Limited Partners of the Partnership in the anticipated liquidation of the
Partnership as described in the Partnership's Current Report on Form 8-K dated
February 3, 1997.
In connection with the closing of the sale of the Properties, the
Partnership entered into an interim lease of the Properties pursuant to the
terms of the Sale Agreement and under which the Partnership will provide for
management and operation of the Properties for an interim period, and the
Partnership borrowed $2,340,000 from Omega under a non-recourse loan to fund
operations and management of the Properties during such interim period.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf this 11th day
of April by the undersigned hereunto duly authorized.
MEDICAL INCOME
PROPERTIES 2A LIMITED
PARTNERSHIP
By: /s/ John H. Stoddard
_______________________
John H. Stoddard
President
Qualicorp Management, Inc.
Managing General Partner
