RE: Request for financial info for CAD Amalgamation, VCH vetting process

Hi Tammi,

 

Please see attached financial statements on consolidated level for comparability.

The enclosed folder contains the following statements:

*	audited annual 
*	internal quarterly

 

Kindly note: TheKey does not have any off-balance sheet financing as confirmed with Treasury.

 

Lastly, regarding the below request of 3-year projected financial statements – unfortunately, we cannot provide this information by the set deadline as it is not readily available. Please confirm if the attached financial information will suffice. Alternatively, we will request the FP&A team to create a projected Income Statement only by a new due date. We do not typically prepare projected Balance Sheet or Statement of Cash Flows and developing these from scratch would place a significant burden on our team as it’s a time-consuming process.

 

Thank you and let us know if you have any questions.

 

Kind regards,

Eve Malishevski

Team Lead

Audit & Financial Reporting | TheKey

Mobile: 305.528.8471



 

From: Timothy Thomas <tt@thekey.com> 
Sent: Thursday, November 6, 2025 2:12 PM
To: sara.stuhlsatz@thekey.com
Cc: Tammi Franzese <tammi.franzese@thekey.com>; eve.malishevski@thekey.com; Nina Kani <nkani@thekey.com>; Adriana Mendez <adriana.mendez@thekey.com>; Lyndsey Organ <lyndsey.organ@thekey.com>
Subject: Re: Request for financial info for CAD Amalgamation, VCH vetting process

 

Hi Sara,

 

Vancouver Coastal Health (a division of the Canadian Government). They are one of TheKey's largest referral sources.

 

Thanks

 

On Thu, Nov 6, 2025 at 2:04 PM <sara.stuhlsatz@thekey.com <mailto:sara.stuhlsatz@thekey.com> > wrote:

Hi Tim – can you provide some info on who VCH is and what they do for us? Just making sure it makes sense to give out this sensitive info.

 

Kind regards,

Sara Stuhlsatz

Assistant Controller | TheKey

Mobile: 620.240.9375

 

 <http://www.thekey.com/> 

 

 

 

 

From: Timothy Thomas <tt@thekey.com <mailto:tt@thekey.com> > 
Sent: Thursday, November 6, 2025 12:22 PM
To: Tammi Franzese <tammi.franzese@thekey.com <mailto:tammi.franzese@thekey.com> >
Cc: eve.malishevski@thekey.com <mailto:eve.malishevski@thekey.com> ; Nina Kani <nkani@thekey.com <mailto:nkani@thekey.com> >; Adriana Mendez <adriana.mendez@thekey.com <mailto:adriana.mendez@thekey.com> >; Sara Stuhlsatz <sara.stuhlsatz@thekey.com <mailto:sara.stuhlsatz@thekey.com> >; Lyndsey Organ <lyndsey.organ@thekey.com <mailto:lyndsey.organ@thekey.com> >
Subject: Re: Request for financial info for CAD Amalgamation, VCH vetting process

 

We've never had a request like this from VCH. This is solely due to the amalgamation. I'm sorry I can't be more helpful. 

 

On Thu, Nov 6, 2025 at 12:27 PM Tammi Franzese <tammi.franzese@thekey.com <mailto:tammi.franzese@thekey.com> > wrote:

Hi Eve,

 

Thanks for your email. I'm copying @Timothy Thomas <mailto:tt@thekey.com>  to reply to your question because I don't know what was provided in the past.

 

Tim, will you please advise?

 

Thank you




Sincerely,

Tammi Franzese

Senior Corporate Paralegal | TheKey

Mobile: 813.521.5269

 

 <http://www.thekey.com/> 

 

 

 

On Wed, Nov 5, 2025 at 5:38 PM <eve.malishevski@thekey.com <mailto:eve.malishevski@thekey.com> > wrote:

Hi Tammi,

 

Do you know what was shared previously for a similar request? We would like to make sure we provide consistent quarterly financials.

As for audited financial statements, we will be only able to provide them on consolidated level.

 

Kind regards,

Eve Malishevski

Team Lead

Audit & Financial Reporting | TheKey

Mobile: 305.528.8471



 

From: Lyndsey Organ <lyndsey.organ@thekey.com <mailto:lyndsey.organ@thekey.com> > 
Sent: Wednesday, November 5, 2025 2:39 PM
To: Eve Malishevski <eve.malishevski@thekey.com <mailto:eve.malishevski@thekey.com> >
Cc: Nina Kani <nkani@thekey.com <mailto:nkani@thekey.com> >; Tammi Franzese <tammi.franzese@thekey.com <mailto:tammi.franzese@thekey.com> >; Adriana Mendez <adriana.mendez@thekey.com <mailto:adriana.mendez@thekey.com> >; Sara Stuhlsatz <sara.stuhlsatz@thekey.com <mailto:sara.stuhlsatz@thekey.com> >
Subject: Re: Request for financial info for CAD Amalgamation, VCH vetting process

 

Hi Eve,

 

Is the below something you would be able to help provide? 

 

Thank you!

 

 


Lyndsey Organ

Senior Manager, Accounting | TheKey

Mobile: 316.253.6494

 



 

 

On Wed, Nov 5, 2025 at 1:21 PM Tammi Franzese <tammi.franzese@thekey.com <mailto:tammi.franzese@thekey.com> > wrote:

My apologies for another email. Please see the below updated list of the information requested.

 


Please provide the following for the Proposed Service Provider:

●        audited financial statements for the last three years; and 

●        the two most recent internal quarterly financial statements or similar information.


Please provide three years of audited annual financial statements for the Proposed Service Provider.


If applicable, please advise as to which entity you suggest to provide a parent/performance guarantee on behalf of the Service Provider (from each organization if ownership is held by arm’s length parties) and provide the following for the proposed parent/performance guarantors:

●        audited financial statements for the last three years; and 

●        the two most recent internal quarterly financial statements or similar information.


Please provide a business plan with regard to revenue growth, inflation, operating efficiencies including pro forma cash flow (or financial statements) for the next three years.


Please provide details of any off-balance sheet financing that may impact the financial statements requested above for the Proposed Service Provider and/or proposed parent/performance guarantors.




Sincerely,

Tammi Franzese

Senior Corporate Paralegal | TheKey

Mobile: 813.521.5269

 

 <http://www.thekey.com/> 

 

 

 

On Wed, Nov 5, 2025 at 2:18 PM Tammi Franzese <tammi.franzese@thekey.com <mailto:tammi.franzese@thekey.com> > wrote:

Hi Lyndsey,

 

As you know, Orofresh provides services to VCH and their customers. As part of their vetting process to approve working with the new amalgamated company, they've requested several financial documents. 

 

Are you the right POC to obtain the following information? 

 


If applicable, please advise as to which entity you suggest to provide a parent/performance guarantee on behalf of the Service Provider (from each organization if ownership is held by arm’s length parties) and provide the following for the proposed parent/performance guarantors:

●        audited financial statements for the last three years; and 

●        the two most recent internal quarterly financial statements or similar information.


Please provide a business plan with regard to revenue growth, inflation, operating efficiencies including pro forma cash flow (or financial statements) for the next three years.


Please provide details of any off-balance sheet financing that may impact the financial statements requested above for the Proposed Service Provider and/or proposed parent/performance guarantors.




Requested deadline: 11/6/25

 

Let me know if you want to hop on a call to talk further. 

 

Thank you.

 

Sincerely,

Tammi Franzese

Senior Corporate Paralegal | TheKey

Mobile: 813.521.5269

 

 <http://www.thekey.com/>