University of Virginia Library

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5161

APPROVAL TO INVEST AN ADDITIONAL $2,500,000 ON BEHALF OF
THE MEDICAL CENTER IN BLUE RIDGE HEALTH ALLIANCE, INC.,
AND TO AMEND CORPORATE DOCUMENTS

The following resolution was adopted:

• WHEREAS, The Board of Visitors has approved the establishment of Blue Ridge Health Alliance, Inc., and its subsidiary corporation QualChoice of Virginia, Inc.; and
• WHEREAS, the Blue Ridge Health Alliance, Inc., Board of Directors has recommended changes to the Articles of Incorporation, the By-laws and the Stockholders agreement; and
• WHEREAS, the Blue Ridge Health Alliance, Inc., Board of Directors has recommended that QualChoice of Virginia, Inc., offer enrollment as an insurance entity; and
• WHEREAS, the Blue Ridge Health Alliance, Inc., Board of Directors has recommended expansion of QualChoice's enrollment area beyond central Virginia;
• RESOLVED that the Executive Vice President and Chief Financial Officer in consultation with the Vice President and Provost for Health Sciences is hereby authorized to invest an additional $2,500,000 on behalf of the Medical Center in Blue Ridge Health Alliance, Inc., to be matched by the same amount from the University of Virginia Health Services Foundation, and to approve changes in corporate documents subject to review of General Counsel;
• RESOLVED FURTHER that the University's representatives to the Blue Ridge Health Alliance, Inc., Board of Directors should consult with the University's Executive Vice President and Chief Financial Officer and the Vice President and Provost for Health Sciences prior to authorizing the issuance of stock to other potential subscribers.