Sandis, sorry but I have to disagree, somewhat, with Kimberly.
I agree that having a sub-domain is like having a separate domain, especially as far as
pr and incoming links go.
Having another domain on another class-c block might help a bit, but if your plan is to network the 2 sites together, it won't be long before Google sees you doing that and devalue all those cross links.
Instead of doing woman.health.com, you should do health.com/woman
The links coming from woman to health.com will just strengthen your domain.