Contract
Exhibit
10.8
ARTICLE
ONE
SCOPE
OF AGREEMENT
The
purpose of this Agreement is to facilitate the business, scope and financial
relationship
by and between HCA and SOUTHWOOD, to restrict the confidentiality of
information
to the Parties and their necessary agents, to prevent circumvention of any of
the
Parties to protect all the Parties' interests and contemplated expectations, and
to establish
a revenue pool to be divided among HCA and SOUTHWOOD and their designees
in the manner set forth herein.
ARTICLE
TWO
TERMS
OF ARRANGEMENT
2.1
|
HCA's wholly owned subsidiary, PCA, will be the administrator of all the Pharmacy Programs covered under this Agreement. |
SOUTHWOOD will be a participating Pharmacy in PCA's Pharmacy Programs and will be responsible for dispensing medications and the pharmacy management of these programs. |
2.2 | HCA hereby agrees to submit all of its contract clients to PCA. |
2.3
|
PCA
hereby agrees to perform its services and fulfill its responsibilities as
outlined
in this Agreement. SOUTHWOOD hereby agrees to perform its services and
fulfill their responsibilities, as outlined in this
Agreement.
|
The Gross Margin and rebates of HCA contract clients will be divided 40% to HCA and 60% to SOUTHWOOD. |
Note: |
Dispensed medication will be delivered to contract clients patients (i.e., Boards of Education, Home Care Agencies, Nursing Homes, Assisted Living Home, etc. or to individual homes) as part of operating expense. |
SOUTHWOOD will xxxx third parties, Pharmacy Benefit Managers (i.e., Medco, Caremark), and direct xxxx non-third parties. |
2.4 | The Parties must mutually agree to all initial and new expenses before they are implemented. |
BCAISOUTHWOOD June 2009
1
ARTICLE
THREE
TERMINATION
OF AGREEMENT
3.1
|
This
Agreement shall commence on the Effective Date, and shall continue enforce
unless
the PCA facility is
operational.
|
3.2.1
|
Any
Party may terminate their participation in this Agreement immediately,
upon written
notice to the other Party,
|
3.3
|
Upon
the completion ofHCA's own facility (Closed Door Pharmacy), Southwood
will
transfer all patients to HCA and this agreement will be
terminated.
|
ARTICLE
FOUR
NOTICES
4.1
|
Unless
otherwise provided in this Agreement, all notices required hereunder,
including,
without limitation, notice of intent to terminate this Agreement, shall
be
in writing and shall either be delivered in person or sent by (i)
certified mail, return
receipt requested, or (ii) overnight delivery by a nationally recognized
overnight
courier service, to the applicable business address of each party as set
forth
below:
|
to HCA
at:
Healthcare Corporation of America |
00 Xxxxx Xxxxx, Xxxxx 000 |
Xxxxxxxx, Xxx Xxxxxx 00000 |
Attention:
Xxxx X. Xxxxxxxx
To SOUTHWOOD Pharmacy at: |
00 Xxxxx 000 Xxxx |
Xxx Xxxxxx, Xxx Xxxxxx 00000 |
Attention:
All
notices shall be effective upon receipt by the notified party. Each party
may change
its respective address for the purpose of receiving notices under
this Agreement
by giving written notice to the other
party.
|
ARTICLE
FIVE
MISCELLANEOUS
HeA/SOUTHWOOD
June 2009
2
5.1
|
Governing Law and
Jurisdiction. This Agreement shall be governed by and construed
in accordance with the laws of the State of New Jersey applicable to contracts
entered into therein, without reference to principles of choice of law or
conflicts
of laws.
|
5.2
|
Entire
Agreement. The provisions, terms and conditions of this Agreement
represent
the entire agreement between the parties in relation to the subject matter
hereof,
and this Agreement supersedes any other agreement, understanding or representation,
verbal or otherwise, relative to the subject matter hereof, between the
parties prior to the time of execution of this Agreement. This Agreement
shall be
binding upon the heirs, executors, administrators, successors, permitted
assigns or
transferees of each Party and its shareholders, if any. This Agreement may
be amended
only by a written instrument executed by all of the
Parties.
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5.3
|
IN
WITNESS WHEREOF, the Parties have executed this Agreement as of
the date first written
above.
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/s/Xxxx
Xxxxxxxx
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/s/
Xxxxx Xxxxxxxxx
|
|||
Name:
Xxxx Xxxxxxxx
|
Name:
Xxxxx Xxxxxxxxx
|
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Title:
Cheif Executive Officer
|
Title:
Manager
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