 | Board of Visitors minutes February 7, 1997 |  |
HEALTHCARE PARTNERS, INC., INVESTMENT IN CULPEPER MEDICAL ASSOCIATES, LLC
The following resolution was adopted:
- WHEREAS the University of Virginia Health Sciences Center must solidify its network of primary care physicians in order to maintain the quality of primary care education programs and to assure a continuing opportunity for patients to receive services in the University of Virginia Health System; and
- WHEREAS the HealthCare Partners, Inc., was established in order to promote the Health Sciences Center network strategy; and
- WHEREAS the Medical Center holds an eighty percent interest and the Health Services Foundation a twenty percent interest in HealthCare Partners, Inc.; and
- WHEREAS the HealthCare Partners, Inc., Board of Directors has recommended investment in the Culpeper area for Emergency Department contracting and Anesthesiology contracting;
- RESOLVED that the Board of Visitors authorizes investment in the Culpeper Medical Associates, LLC up to the level of $3.4 million dollars over five years and start-up investment in other (EMS and Anesthesiology) physician specialty practices up to the level of $600,000, subject to the approval of the final agreement between HealthCare Partners, Inc., and the Culpeper Medical Associates, LLC by the General Counsel and the Executive Vice President.
| Board of Visitors minutes February 7, 1997 | |