Partnership Creation
Objective: During this phase, we will work with your team to secure the structural relationships, financing and commitments necessary to realize the sleep center’s joint venture, and obtain the necessary capital investment and financing to meet the sleep center’s needs.
Approach: Upon completion of the business plan in Phase I, SOVA will customize and implement the proposed partnership model, which includes the following steps:
- Provide structural agreement forms necessary to create and capitalize the joint venture(s) and the contemplated leasing relationships. Negotiate “non-recourse” financing for the joint venture(s) to acquire necessary technology, fund the facility construction (if applicable) and other capital expenditures.
- Negotiate the terms of joint venture member and third party arrangements, including technology purchase agreements, joint venture financing, and any service agreements between the joint venture and the hospital.
- Facilitate the formation and capitalization of the joint venture(s).
- Retain and manage special counsel to provide independent regulatory and fairness opinions.
- Syndicate and raise capital for the joint venture(s).
Outputs: This phase will result in the formation of the joint venture, including capitalization and financing, execution of leasing and other third party agreements, and the purchase of related technology. In essence, completing all steps necessary to structure, form and finance the program, secure the technology, and begin Phase 3: Deployment. *If JV is not pursued, project moves to Phase 3.