Affiliated Practices definition

Affiliated Practices means professional medical organizations, professional corporations or associations, service corporations or companies, and professional limited liability companies and other entities and any and all of their Subsidiaries, to which the Company or any Subsidiary of the Company provides comprehensive administrative and business support services under a management services or other similar agreement.

Affiliated Practices means all of the professional medical organizations and professional limited liability companies and other entities and any and all of their Subsidiaries, to which the Company or any Company Subsidiary provides administrative and business support services under a management services agreement or administrative services agreement, including those entities listed on Section 3.01(c) of the Company Disclosure Schedule.

Affiliated Practices means any Person (a) that provides medical, healthcare or related professional services; (b) the Equity Interests of which are not owned by the Borrower or any of its Subsidiaries; (c) that is party to an administrative services agreement pursuant to which the Borrower or any Guarantor manages, without exercising any professional medical judgment, the day-today non-clinical, administrative operations of such Person (each, a “Services Agreement”) and (d) that pays to the Borrower or such Guarantor fees pursuant to any Services Agreement to which such Person is a party. Schedule 1.01(3) lists each Person which is an “Affiliated Practice” as of the Closing Date.

Examples of Affiliated Practices in a sentence

• As of the date hereof, there are no Consolidated APCs, Non-Consolidated APCs or other Affiliated Practices.

• To the extent applicable, each of the Borrower, the Restricted Subsidiaries and the Affiliated Practices are in compliance, in all material respects, with (1) the USA PATRIOT Act, (2) Anti-Money Laundering Laws, and (3) the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 C.F.R. Subtitle B, Chapter V, as amended) and any other applicable enabling legislation or executive order relating thereto.

• Except as would not reasonably be expected to have a Material Adverse Effect on the Company, the Affiliated Practices are in compliance with their obligations under their respective management services agreements.

• The monetary assets of all the Affiliated Practices will be acquired at their fair market value which is expected to be approximately $4.8 million.

• All material Affiliated Practices have the power and authority, all governmental rights, qualifications, permits, authorizations, approvals, accreditations, Reimbursement Approvals, licenses and franchises material to the business of the Borrower and the Subsidiaries, taken as a whole, that are necessary to own its assets and to carry on its business as now conducted and as proposed to be conducted.

• Future Employee Equity Holding Companies would similarly be comprised of physician-owners of Affiliated Practices and their indirect “common interests” in DMG PMS.

• The consideration is based upon the Affiliated Practice's gross revenue, growth potential, quality of patients and service delivery and depth of presence in its local market.

• Patient Revenue of the Affiliated Practices • The Company does not consolidate the financial statements of the practices affiliated with the Company by means of service agreements with its financial statements.

• LEGAL PROCEEDINGS The Company has pending lawsuits against five Affiliated Practices for defaulting in the payment of the required Service Fees.

• Except as would not reasonably be expected to be material, individually or in the aggregate, to the Company, any of its Subsidiaries or any of the Affiliated Practices, no disclosure or representation made or contained in any such privacy policy has been inaccurate, misleading, deceptive or in violation of any applicable Laws (including by containing any material omission).

More Definitions of Affiliated Practices

Affiliated Practices means any physician-owned professional organization, association, corporation, partnership, limited liability company or other legal entity the capital shares or other equity interests of which (i) are owned of record by licensed physicians, or a revocable trust of which a licensed physician is a trustee, in each case, for the benefit of Holdings LLC or its Subsidiaries and (ii) Holdings LLC or its Subsidiaries has the right to direct the vote.

Affiliated Practices means each of the professional corporations, professional associations and professional limited liability companies to which the Acquired Companies engage either directly or indirectly for the provision of SMEs.

Affiliated Practices means the professional medical organizations and entities listed on Schedule 1(a).

Affiliated Practices means any professional entity or other entity providing healthcare services to which the Company or its Subsidiaries provides administrative and back-office support services.