Transaction

• MedAire, Inc. provides remote medical solutions for international airlines, business jets, commercial ships and luxury yachts and also offers medical training, medical kits, defibrillators, and other supplies.
• Global Doctor Clinics offers pathology testing and imaging, physical assistance, medical consultancy, and pharmacy-related services throughout China, Indonesia and Thailand.
• Global Doctor Clinics proposed to acquire MedAire in September of 2005

Challenges

• Providing valuation services to the board in order to assess an appropriate valuation for the complete sale of the company.
• Developing proper market analysis within the company’s unique business model.

Solution

• Performed comprehensive public company and transaction comparables analysis, complicated by MedAire’s unique business model
• Completed in-depth analysis of historical financial data.
• Conducted numerous discussions regarding business and prospects.
• Prepared a Discounted Cash Flow analysis. 
• CWC evaluated effects of a hostile takeover offer on the acquiring price/share of a small, illiquid stock listed on a foreign stock exchange.
• CWC concluded the takeover was not in the best interest of shareholders