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Direct Pet Health to Acquire Tenex Health
Posted February 1, 2012
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DALLAS -- Direct Pet Health Holdings, Inc. (OTC:DPHG - News), a healthcare acquisition holding company, announces it has executed a Definitive Letter of Intent to acquire Tenex Health, Inc. The closing of the transaction is conditioned upon standard deliverables and final approval by the respective Boards of Directors but is otherwise expected to close within 60 days. Concurrent with the closing, the name of the corporation will be changed to Tenex Health, Inc. with current management and board of Tenex Health continuing in their existing functions and a 300 for 1 reverse split of the outstanding DPHG shares will be initiated.
About Tenex Health
Tenex Health, Inc. (www.tenexhealth.com) develops and markets innovative therapies for the treatment of tendon pain due to trauma or repetitive motion injuries. The minimally invasive procedure, known asFASTTM (Focused Aspiration of Scar Tissue), utilizes the company's proprietary TX1 Tissue Removal System to debride and aspirate diseased soft tissue and bone spurs in an outpatient setting using local anesthetic (www.fastprocedure.com). Since the surrounding healthy tendon tissue is not disturbed, patients enjoy less discomfort and faster recovery times versus traditional open surgical procedures.
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