University of Virginia Library

Search this document 

 
 
 
 
 
 
 
 
expand section
 
 
 
 
 
 
 
 
 
expand section
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
APPROVAL TO ENTER INTO A JOINT VENTURE FOR THE OFF- SITE PROVISION OF STEREOTACTIC HEAD AND BODY RADIOSURGERY PROCEDURES
 
 
 
 
 
 
collapse section
 
 
 
expand section
 
 
 
 
 
 
 
 
 
expand section
 
 
 
expand section
 
expand section
expand section
expand section


6926

APPROVAL TO ENTER INTO A JOINT VENTURE FOR THE OFF-
SITE PROVISION OF STEREOTACTIC HEAD AND BODY
RADIOSURGERY PROCEDURES

WHEREAS, in order to continue and further its mission of clinical care, teaching, and research, the University of Virginia Medical Center desires to expand its stereotactic radiosurgery business by directly or indirectly entering into a joint venture with Riverside Regional Medical Center or a related entity (the "Riverside Entities") for the provision of stereotactic head and body radiosurgery procedures in the Newport News region of Virginia; and

WHEREAS, Section 23-77.3 of the Code of Virginia grants authority to the Medical Center to enter into joint ventures;

RESOLVED that the University, on behalf of the Medical Center, directly or indirectly, may enter into a joint venture with the Riverside Entities to provide stereotactic head and body radiosurgery services in the Newport News, Virginia region (the "Riverside Joint Venture"), with the Medical Center's interest, directly or indirectly, in the Riverside Joint Venture not to exceed twenty percent (20%); and

RESOLVED that the University, on behalf of its Medical Center, is authorized to form a limited liability company to own the Medical Center's interest in the Riverside Joint Venture, as the Vice President and Chief Executive Officer of the Medical Center may determine to be necessary; and

RESOLVED FURTHER that on the recommendation of the Vice President and Chief Executive Officer of the Medical Center, and with the concurrence of the Chair of the Medical Center Operating Board and the Chair of the Finance Committee, the Executive Vice President and Chief Operating Officer of the University is authorized to negotiate and execute contracts and other legal documents pertaining to the creation and formation of the Riverside Joint Venture and any limited liability company necessary to own the Medical Center's interest.