MEET THE BOARD

Our Background

In December 2020, Meharry Medical College, a Tennessee nonprofit corporation (“Meharry”), deemed it advisable, desirable, and in the best interests of Meharry to authorize the incorporation of MMCV, Inc., a Tennessee for-profit corporation and a wholly-owned subsidiary of Meharry (“MMCV”). Key factors motivating Meharry’s decision were the following:

1. Meharry’s desire to take advantage of relationships with for-profit companies while protecting Meharry from liability and preventing Meharry from diverting its attention from its nonprofit purpose and core activities; and

2. Meharry’s general desire to assess the viability of for-profit opportunities quickly and easily and to pursue viable for-profit opportunities quickly and easily.

Our Purpose

MMCV’s purpose is to evaluate and pursue for-profit opportunities that in each case are likely to produce a level of profits that justifies MMCV’s participation, obligations, and potential liability.

Our Vision

MMCV’s vision is to become a sustainable ecosystem and infrastructure that creates revenue streams for MMCV and Meharry. MMCV will be a source of wealth creation and growth that will provide flexibility and opportunity for (i) MMCV to expand its capacity and reach within healthcare and beyond and (ii) Meharry to pursue its vision and fund its purpose and core activities.

Initial Strategy

MMCV will evaluate for-profit opportunities and partnerships and pursue the opportunities and partnerships that are most likely to maximize MMCV’s profits while keeping MMCV’s potential liability at a minimum.

MMCV will prioritize the optimization of existing ventures and partnerships. If optimization of a particular venture or partnership at a level that will produce a profit that justifies MMCV’s investment and risk, MMCV will seek to cease its participation in the venture or partnership.

2. MMCV will evaluate new opportunities with the following questions in mind:

a. Will the opportunity produce a profit?

b. How soon will the opportunity produce a profit?

c. If MMCV pursues the opportunity, how easy is it for MMCV to cease pursuing the opportunity or cease MMCV’s participation in the resulting venture?

d. Was the opportunity presented by or does the opportunity include a potential partner with financial and operational resources and a relevant track record of success?

e. How much liability will MMCV have?

f. What are MMCV’s obligations (including any investment requirement or active role in management)?

g. Does the opportunity in terms of potential profit justify the liability and obligations?

h. Does MMCV need to add personnel or request funds or resources from Meharry?

i. Does MMCV need to leverage Meharry’s reputation or relationships? If so, how?

Need more details?

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