Note 5: Affiliated Company
The Medical Center is a participant with the Health Services Foundation in a joint venture to develop and operate a managed health care organization in central and western Virginia and certain counties in West Virginia. The Blue Ridge Health Alliance, Inc. (BRHA), a for-profit corporation, was formed on April 11, 1994, to develop a regional network of physicians, hospitals, and other health care providers through which to deliver health benefits to insured and self-funded employers and other groups. As of June 30, 1995, the Medical Center has purchased one share of common stock for $1,000 and made equity contributions of $3,191,000. The net investment in BRHA, after including an operating loss of $1,250,000, is $1,941,000.
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