Agreement by Your Health Inc. to Acquire Health Unit of Phillips International, Inc. Terminated.Business Editors, Health/Medical Writers NEW YORK--(BW HealthWire)--April 17, 2000 Your Health Inc. confirmed that its agreement to purchase the health unit of Phillips International, Inc. has been terminated. The Company said Phillips withdrew from the agreement after Your Health decided to delay funding certain escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. provisions of the agreement pending the resolution of outstanding business concerns that could have a material effect on the transaction. Both Your Health and Phillips are privately held companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. . Your Health is pursuing a variety of strategic acquisitions and partnerships to advance its goal of becoming the leading global provider of content, products and services related to wellness care and integrative medicine integrative medicine combines conventional medicine with complementary and alternative therapies. integrative medicine The 'new medicine' A term for the incorporation of alternative therapies into mainstream medical practice. . Representatives of Your Health's investment banking firm, Chris Moore Moore, city (1990 pop. 40,761), Cleveland co., central Okla., a suburb of Oklahoma City; inc. 1887. Its manufactures include lightning- and surge-protection equipment, packaging for foods, and auto parts. , Senior Managing Director--Head of Corporate Finance/The Americas, and Sam (1) (Security Accounts Manager) The part of Windows NT that manages the database of usernames, passwords and permissions. A SAM resides in each server as well as in each domain controller. See PDC and trust relationship. Navarro, Managing Director--Global Head of Healthcare Investment Banking, of ING Barings, said, "We have confidence in the Your Health business plan, which capitalizes upon the increasing interest of consumers in wellness care and integrative medicine. We look forward to assisting them in their future acquisitions and in building a financial base for growth." |
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