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joint venture

   Also found in: Dictionary/thesaurus, Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.02 sec.
joint venture
Medical practice An arrangement in which physicians own the health care facility to which they refer Pts for services, but do not themselves practice medicine. See Kickback, Safe harbor.


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Speaking at a luncheon presentation of Pakistan Pharmaceutical Manufacturers Association (PPMA) at a local hotel, on Thursday, he said Italy has allocated $ 10 million for setting up a plant to locally produce self destructive syringes under a joint venture between Italian company and Pakistani counterpart from private sector.
A joint venture can be executed for a limited period or a continuous period.
The companies say they have agreed to form a joint venture to develop the project, with Pan American contributing 100% of the funds necessary to develop and construct an operating mine, in consideration for a 55% interest in the joint venture.
 
 
 
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