EX-99.1 2 ex99_1.htm EXHIBIT 99.1 Operating Agree
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Posted On: 08/31/2020 2:05:19 PM
EX-99.1 2 ex99_1.htm EXHIBIT 99.1
Operating Agreement Of
NuGenHealth, LLC
Section 1.2 Pum.ose and Character of Business.
A. The purposes of the Company are: (i) to provide Connected Care Solutions for Patient Engagement (PE), Remote Patient Monitoring (RPM), and Chronic Care Management (CCM) to physicians, hospitals, and other providers of patient care; this may or may not involve a dedicated call center, which is yet to be determined; (ii) to improve patient health outcomes and reduce costs; (iii) to make such additional investments and engage in such additional activities as are permitted to be conducted by a limited liability company under the Act and as the Executive Board may approve; and (iv) to engage in any and all activities related or incidental to the purposes set forth in clauses (i), (ii), and (iii).
B. The longer-term goal of the Company is that within a time period of 2-4 years, NuGenHealth will be large enough both in sales and patient volume to launch an IPO or for acquisition by a 3rd party for the financial benefit of both the parties. The shorter-term goal (within 18 months) is to enroll 150,000 patients on to the Connected Care Solutions for Chronic Care Management and Remote Patient Monitoring to generate revenue for the Company to support expansion and growth.
C. To ensure the success of the Company, the Members' CEOs will interact and coordinate to achieve business goals and maintain strategic alignment. Although there are no preset times for meetings, there shall be substantial contact and interaction during a given month for the business purposes of NuGenHealth.
Operating Agreement Of
NuGenHealth, LLC
Section 1.2 Pum.ose and Character of Business.
A. The purposes of the Company are: (i) to provide Connected Care Solutions for Patient Engagement (PE), Remote Patient Monitoring (RPM), and Chronic Care Management (CCM) to physicians, hospitals, and other providers of patient care; this may or may not involve a dedicated call center, which is yet to be determined; (ii) to improve patient health outcomes and reduce costs; (iii) to make such additional investments and engage in such additional activities as are permitted to be conducted by a limited liability company under the Act and as the Executive Board may approve; and (iv) to engage in any and all activities related or incidental to the purposes set forth in clauses (i), (ii), and (iii).
B. The longer-term goal of the Company is that within a time period of 2-4 years, NuGenHealth will be large enough both in sales and patient volume to launch an IPO or for acquisition by a 3rd party for the financial benefit of both the parties. The shorter-term goal (within 18 months) is to enroll 150,000 patients on to the Connected Care Solutions for Chronic Care Management and Remote Patient Monitoring to generate revenue for the Company to support expansion and growth.
C. To ensure the success of the Company, the Members' CEOs will interact and coordinate to achieve business goals and maintain strategic alignment. Although there are no preset times for meetings, there shall be substantial contact and interaction during a given month for the business purposes of NuGenHealth.
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