Timeline of Events at Caribbean Kidney Center July 24, 2023
In a series of events starting from March 3, 2023, various communications and meetings took place between Doug Koch, Dr. Gardiner, and others regarding a possible transaction involving Caribbean Kidney Center (CKC). Discussions about potential transactions in St. Croix and St. Thomas also occurred. Appraisers were engaged, and letters of intent were drafted. The timeline culminates in the visit to the STT facility and the exchange of revised drafts for the proposed transactions.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
Timeline of Timeline of Events Events Caribbean Kidney Center July 24, 2023
Timeline Timeline March 3, 2023 March 6, 2023 Doug Koch sent another e-mail to Dr. Gardiner with some specifics about a possible transaction. Doug Koch (CEO of JFL), in an unsolicited e-mail, asks Dr. Gardiner about a possible transaction between CKC and JFL for the CKC dialysis facility. March 9, 2023 March 9, 2023 - - Doug Koch meets with Dr. Gardiner (and Scott Downing via phone) to discuss specifics of a possible transaction. On or about March 31, 2023 Scott Downing's firm (Benesch) sends JFL's counsel (Patricia Welcome) a draft confidentiality agreement in order to share information for a possible transaction. March 14, 2023 Scott Downing sends Doug Koch specific terms for a possible transaction. Thereafter, little to no communication Thereafter, little to no communication from JFL. from JFL. 2 Timeline Review July 24, 2023
Timeline Timeline April 25, 2023 April 26, 2023 Scott Downing sent Lorin Kleeger the terms of a possible transaction. Lorin Kleeger (counsel for VIGHHFC) e-mailed Scott Downing and they spoke about a possible transaction in St. Croix and also St. Thomas. 3 Timeline Review July 24, 2023
Timeline Timeline On or about May 3, 2023 May 4, 2023 Lorin Kleeger provides a draft non- disclosure agreement (NDA) between CKC and VIGHFFC. Benesch and Mr. Kleeger review and revise and the parties sign on or about May 5. Lorin Kleeger reached out to Scott Downing with proposals for St. Croix and possibly St. Thomas. From May 5, 2023 through the end of May or through the end of May or do, do, On or about May 9, 2023 Chris Finch and the CEOs of GJFLJ and St. Thomas hospital (Doug Koch and Tina Comissiong) along with Scott Downing and Lorin Kleeger (via phone) meet in St. Croix to discuss a possible transaction for both St. Croix and St. Thomas. CKC responds to requests for information from Mr. Kleeger and VIGHFFC. VIGHFFC also promises to have appraisers do work on both facilities. 4 Timeline Review July 24, 2023
Timeline Timeline June 8, 2023 June 12, 2023 Finch notified CKC of his intent to visit the STT facility, and on or about June 15, he did. RLSH personnel also toured the CKC facility shortly thereafter On July 12, I received an email with the names of the three appraisers. Lorin Kleeger sends a letter of intent (LOI) draft to Scott Downing, for proposed transactions in St. Croix and St. Thomas. June 13, 2023 On July 12, 2023 Dr. Gardiner received an email with the names of the three appraisers. After review and comments by Dr. Gardiner, Scott Downing send back a revised draft of the LOI to Lorin Kleeger. 5 Timeline Review July 24, 2023
