University of Virginia Library

Search this document 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
expand section
 
 
 
 
 
expand section
 
 
 
APPROVAL TO PURCHASE KIDNEY DIALYSIS UNIT
 
expand section
expand section
 

APPROVAL TO PURCHASE KIDNEY DIALYSIS UNIT

The following resolution was adopted:

WHEREAS, the University of Virginia intends to expand its kidney dialysis business to continue and further its mission of clinical care, teaching, and research; and

WHEREAS, there is an opportunity for expansion by the acquisition of an existing kidney dialysis unit; and

WHEREAS, the financial analysis indicates that purchasing the kidney dialysis unit is economically viable for the University;

RESOLVED that the Board of Visitors of the University of Virginia approves the purchase of the kidney dialysis unit business for a price not to exceed the appraised value as determined by an outside independent appraisal, plus reasonable costs of the transaction;

RESOLVED FURTHER that the Executive Vice President and Chief Operating Officer, with the consent of the Chair of the Finance Committee, and in consultation with the General Counsel, is authorized to negotiate and execute contracts and other documents pertaining to the acquisition of the aforementioned kidney dialysis unit.