MedeFile has agreed to form a 50/50 JV with a group of senior business and marketing executives in Spain.
The JV partners and MedeFile International have agreed to share equally in the JV’s profits and will each appoint four members to the board of directors.
The JV partner group will have an exclusive six-month right to form similar 50/50 joint ventures with MedeFile in Switzerland, Holland, Italy and the UK.
MedeFile chairman, CEO and president Kevin Hauser said the company is looking forward to heading to Spain next month to finalize the JV agreement and move the new venture forward.