Business Update

National Quality Care terminates merger and license agreements

Published in Healthcare Finance, Tax and Law Weekly, January 31st, 2007

National Quality Care, Inc. (NQCI) terminated certain agreements and transactions with Xcorporeal, Inc., including a merger agreement and a license agreement.

In addition, NQCI has terminated all of the transactions and other documents and agreements between NQCI and Xcorporeal that are referenced in or contemplated by the merger agreement or the license agreement. NQCI stated in its termination notice to Xcorporeal that NQCI had exercised its termination rights with respect to such agreements, documents and transactions on the basis of Xcorporeal's continuing, uncured and uncurable breaches of the merger agreement and its fraudulent and other wrongful conduct related...

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Source: Healthcare Finance, Tax and Law Weekly (2007-01-31)

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