EX-99.1 2 w35897exv99w1.htm LETTER AGREEMENT, DATED JUNE 7, 2007 exv99w1
 

Exhibit 99.1
Select Medical Corporation
4716 Old Gettysburg Road
Mechanicsburg, PA 17055
June 7, 2007
Nexus Health Systems, Inc.
Neurobehavioral Management Services, L.L.C.
Nexus Health Inc.
c/o Nexus Health Systems, Inc.
One Riverway
Suite 600
Houston, TX 77056
Attention: John Cassidy, M.D.
     Re:           Termination of Stock Purchase Agreement
Ladies and Gentlemen:
     Reference is made to the Stock Purchase Agreement, dated as of March 26, 2007 (the “Stock Purchase Agreement”), by and between Select Medical Corporation, a Delaware corporation, Nexus Health Systems, Inc., a Delaware corporation, Neurobehavioral Management Services, L.L.C., a Texas limited liability company, Nexus Health Inc., a Nevada corporation, John Cassidy, M.D. and Michelle E. Betcher.
     Pursuant to Section 10.1(a) of the Stock Purchase Agreement, the undersigned hereby terminate the Stock Purchase Agreement effective immediately, and confirm that, pursuant to Section 10.3 of the Stock Purchase Agreement, the confidentiality agreements, dated September 18, 2006 and December 5, 2006, each between Nexus Health Systems and Select Medical Corporation, shall remain in full force and effect.
     This letter shall constitute a legally binding agreement of the undersigned.
         
  Sincerely yours,

SELECT MEDICAL CORPORATION
 
 
  By:        /s/ Michael E. Tarvin    
    Name:   Michael E. Tarvin   
    Title:   Executive Vice President   
 

 


 

Nexus Health Systems, Inc.
Neurobehavioral Management Services, L.L.C.
Nexus Health Inc.
June 7, 2007
Page 2
         
  Acknowledged and Agreed:


NEXUS HEALTH SYSTEMS, INC.
 
 
  By:         /s/ Gene P. Inman    
    Name:   Gene P. Inman   
    Title:   Chief Operating Officer   
 
NEUROBEHAVIORAL MANAGEMENT
SERVICES, L.L.C.
         
     
  By:         /s/ Gene P. Inman    
    Name:   Gene P. Inman   
    Title:   Chief Operating Officer   
 
NEXUS HEALTH INC.
         
     
  By:         /s/ Gene P. Inman    
    Name:   Gene P. Inman   
    Title:   Chief Operating Officer   
 
     
cc:
  McDermott Will & Emery LLP
 
  28 State Street
 
  Boston, MA 02109-1775
 
  Attention: Mark B. Stein
 
 
  Dechert LLP
 
  Cira Centre
 
  2929 Arch Street
 
  Philadelphia, PA 19104-2808
 
  Attention: Carmen J. Romano