Healthcare Related Business definition

Healthcare Related Business means a business, the majority of whose revenues result from healthcare, long-term care or managed care related businesses or facilities, including businesses which provide insurance relating to the costs of healthcare, long-term care or managed care services.
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Healthcare Related Business means any businesses related to the owning, operating or managing of Healthcare Facilities (including any businesses related thereto) and any business that is a natural outgrowth or reasonable extension of any such business or is similar, reasonably related, incidental, complementary or ancillary to any of the foregoing or any business that in the Borrower’s good faith business judgment constitutes a reasonable diversification of business conducted by the Borrower and its Subsidiaries.
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Healthcare Related Business means a business, at least a majority of whose revenues result from pharmacy, healthcare, long-term care, physical therapy or assisted living related businesses or facilities.
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Examples of Healthcare Related Business in a sentence

  • The Company will not, and will not permit any of its Subsidiaries to, engage in any business other than any Healthcare Related Business or any other business determined by the Company's Board of Directors, in good faith, to be reasonably related to the foregoing.

  • The Company will not, and will not permit any of its Subsidiaries to, engage in any business other than any Healthcare Related Business.

  • If any such legally binding agreement to invest any Net Cash Proceeds is terminated, then the Company may invest such Net Cash Proceeds, prior to the end of such one-year period or six months from such termination, whichever is later, in the business of the Company, its Wholly Owned Subsidiaries or Permitted Joint Ventures or in any Healthcare Related Business as provided above.

  • Within 360 days after the receipt of any Net Proceeds from an Asset Sale, the Company may apply such Net Proceeds, at its option, (a) to repay Senior Debt, or (b) to the acquisition of a majority of the assets of, or a majority of the Voting Stock of a Healthcare Related Business, the making of a capital expenditure or the acquisition of other long-term assets for use in a Healthcare Related Business.

  • To the extent that the aggregate Offered Price of the Notes and such other pari passu Indebtedness tendered pursuant to an Offer is less than the Asset Sale Offer Amount relating thereto (such shortfall constituting a "Deficiency"), the Company may use such Deficiency, or a portion thereof, in the business of the Company, its Wholly Owned Subsidiaries or its Permitted Joint Ventures or any Healthcare Related Business.

  • Healthcare Related Business The revenue derived from the Healthcare Related Business for the year was approximately HK$46,248,000 (2017: approximately HK$43,036,000), representing an increase of 7.5% as compared with the same period last year.


More Definitions of Healthcare Related Business

Healthcare Related Business means any business conducted by the Company and its Subsidiaries as providers of post-acute health care services as of the Issue Date and any and all healthcare service businesses that are related thereto including the following principal areas: (a) inpatient services at skilled nursing and assisted living facilities, (b) long-term acute-care hospitals, (c) pharmaceutical product distribution and services businesses acquired as part of any other Healthcare Related Business; provided, however, that such pharmaceutical product distribution and services businesses shall not constitute the primary business of the acquired Heathcare Related Business and (d) any other business determined by the Company's Board of Directors, in good faith, to be reasonably related to the foregoing.
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Healthcare Related Business means any business conducted by the Company and its Subsidiaries as providers of post-acute health care services as of the Issue Date and any and all healthcare service businesses that are related thereto including the following principal areas: (a) inpatient services at skilled nursing and assisted living facilities, (b) long-term acute-care hospitals and (c) pharmaceutical product distribution and services acquired in relation to any other Healthcare Related Business; provided, however, that the Company shall use commercially reasonable efforts to divest itself of such pharmaceutical product distribution and services within one year from the date on which it is acquired.
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Related to Healthcare Related Business

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • Restricted Business has the meaning set forth in Section 6.10(a).

  • Healthcare services means any services included in the furnishing to any individual of medical, podiatric, or dental care, or hospitalization, or incident to the furnishing of that care or hospitalization, and the furnishing to any person of any and all other services for the purpose of preventing, alleviating, curing, or healing human illness, injury, or physical disability. Medically Necessary means medical, surgical, or other services required for the prevention, diagnosis, cure, or treatment of a health-related condition, including such services necessary to prevent a decremental change in either medical or mental health status. Originating Site means a site at which a patient is located at the time Healthcare Services are provided to them by means of telemedicine, which can be include a patient's home where Medically Necessary and Clinically Appropriate. Store-and-forward Technology means the technology used to enable the transmission of a patient's medical information from an Originating Site to the Healthcare Provider at the Distant Site without the patient being present. Telemedicine means the delivery of clinical Healthcare Services by use of real time, two-way synchronous audio, video, telephone-audio-only communications or electronic media or other telecommunications technology including, but not limited to: online adaptive interviews, remote patient monitoring devices, audiovisual communications, including the application of secure video conferencing and store-and-forward technology to provide or support healthcare delivery, which facilitate the assessment, diagnosis, counseling and prescribing treatment, and care management of a patient’s health care while such patient is at an Originating Site and the Healthcare Provider is at a Distant Site, consistent with applicable federal laws and regulations. “Telemedicine” does not include an email message or facsimile transmission between a Provider and patient, or an automated computer program used to diagnose and/or treat ocular or refractive conditions. General Requirements

  • Healthcare provider means a healthcare practitioner, person, or facility licensed, authorized, certified, registered, or regulated under title 33, title 63, title 68, federal law or order, or an executive order of the governor, including but not limited to any employees, agents, or contractors of such a practitioner, person, or facility, and residents, interns, students, fellows, or volunteers of an accredited school or of such school's affiliated teaching or training hospitals or programs in this state;

  • Healthcare Facility means that portion of the Project operated on the Land as a Nursing Home, Intermediate Care Facility, Board and Care Home, Assisted Living Facility and/or any other healthcare facility authorized to receive insured mortgage financing pursuant to Section 232 of the National Housing Act, as amended, including any commercial space included in the facility.