Physician Transaction means any bona fide transaction or series of related transactions, consummated after the date hereof, by which the Borrower or any Subsidiary (i) acquires all or part of the assets, or a going business or division, of any Person, whether through purchase of assets or securities, merger or otherwise, (ii) directly or indirectly acquires control of any Person or (iii) acquires the right to manage the non-medical aspects of the business of any Person. For the purpose of this definition, "control" means the possession, directly or indirectly, of the power to direct or cause the direction of management and non-medical policies, whether through the ownership of voting securities, by contract or otherwise. Notwithstanding the above, "control" shall not include, and shall not be implied to include, the power to direct any physician's practice of medicine or the power to interfere in any physician/patient relationship.
Physician Transaction means a transaction in the ordinary course of business pursuant to which the Borrower or any Guarantor acquires an increased Equity Interest as a result of the purchase of a physician’s interest in any Person as a result of the applicable provisions of any joint venture agreement, partnership agreement, limited liability company agreement, or similar agreement binding on the Borrower or any Guarantor.
Physician Transaction means any transaction or series of related transactions by which the Borrower or any Subsidiary directly or indirectly (a) acquires all or part of the assets, or a going business concern or division, of a Physician Group, whether through purchase of assets or Capital Stock, merger or otherwise, (b) acquires control of a Physician Group, (c) acquires the right to manage the non-medical aspects of the business of a Physician Group (including the acquisition and/or assumption of management service agreements with Physician Groups), (d) employs physicians, (e) enters into a development agreement with a Physician Group for physician and physician related services, or (f) provides loans, bonuses, or other inducements with respect to any of the foregoing. For the purpose of this definition, "control" means the possession, directly or indirectly, of the power to direct or cause the direction of management and non-medical policies, whether through the ownership of voting securities, by contract or otherwise. Notwithstanding the above, "control" shall not include, and shall not be construed to include, the power to direct any physician's practice of medicine or the power to interfere in any physician/patient relationship. The term "Physician Transaction" shall include any amendment, modification, extension, renewal, restructuring, replacement or restatement of any Service Agreement.
Examples of Physician Transaction in a sentence
To the extent Landlord or any owner of Landlord is a physician, the parties acknowledge that this Lease is subject to the review and approval of Tenant’s Physician Transaction Review Committee (“PTRC”).
Acquire by purchase or otherwise all or a substantial part of the business or assets of, or Capital Stock or other evidences of beneficial ownership of, or any line of business or division of, any Person, or enter into any Physician Transaction or make any Acquisition, other than Permitted Physician Transactions and Permitted Ancillary Acquisitions.
More Definitions of Physician Transaction
Physician Transaction means any bona fide transaction or series of related transactions, consummated after the date thereof, by which the Borrower or any Subsidiary (i) acquires all or part of the assets, or a going business or division, of a Physician Group, whether through purchase of assets or securities, merger or otherwise, (ii) directly or indirectly acquires control of any Physician Group or (iii) acquires the right to manage the non-medical aspects of the business of any Physician Group. For the purpose of this definition, "control" means the possession, directly or indirectly, of the power to direct or cause the direction of management and non-medical policies, whether through the ownership of voting securities, by contract or otherwise. Notwithstanding the above, "control" shall not include, and shall not be construed to include, the power to direct any physician's practice of medicine or the power to interfere in any physician/patient relationship.