Emdeon Corporation Renamed HLTH Corporation
ELMWOOD PARK, N.J., May 21 /PRNewswire-FirstCall/ -- Emdeon Corporation (Nasdaq: HLTH) today announced that the Company has changed its name to HLTH Corporation, effective immediately. The Company's ticker symbol will remain HLTH, traded on the Nasdaq Global Select Market. In connection with the name change, the CUSIP number for the Company's common stock is changing to: 40422Y 101. Stockholders are not required to exchange currently outstanding stock certificates for new stock certificates. The Company agreed to change its name in connection with the sale of a 52% interest in its Emdeon Business Services unit to General Atlantic last year. Emdeon Business Services will continue to use the Emdeon name. "In choosing our new name, we looked for something that we could own with respect to copyrights and URLs, and of course one that our investors would recognize," said Kevin Cameron, Chief Executive Officer of HLTH Corporation. The change affects only the Company's corporate name; the names of HLTH's business segments and the brands used for their products and services will not change. HLTH Corporation's businesses include: -- WebMD Health Corp (Nasdaq: WBMD), which is the leading provider of health information services, serving consumers, physicians, healthcare professionals, employers and health plans through our public and private online portals and health-focused publications. HLTH Corporation owns approximately 84% of WebMD. -- ViPS, which provides healthcare analytics, technology and reporting that help government agencies and commercial health plans improve patient outcomes, customer satisfaction and cost savings. -- Porex, which manufactures and distributes porous plastic products and components used in healthcare, industrial and consumer applications. Additionally, HLTH Corporation continues to own 48% of Emdeon Business Services, which provides solutions that automate the revenue and payment cycle for healthcare providers and payers. About HLTH Corporation HLTH Corporation's (Nasdaq: HLTH) businesses are comprised of WebMD Health Corp. (Nasdaq: WBMD), ViPS and Porex. WebMD provides health information services for consumers, physicians, healthcare professionals, employers and health plans through its public and private online portals and health-focused publications. ViPS provides healthcare data management, analytics, decision- support and process automation solutions and related information technology services to governmental, Blue Cross Blue Shield and commercial healthcare payers. ViPS' solutions and services help its clients improve patient outcomes, increase customer satisfaction and reduce costs. Porex is a developer, manufacturer and distributor of proprietary porous plastic products and components used in healthcare, industrial and consumer applications. In addition, Emdeon owns a 48% minority interest in Emdeon Business Services, which provides solutions that automate the revenue and payment cycle for healthcare payers and providers. All statements contained in this press release, other than statements of historical fact, are forward-looking statements. These statements are based on HLTH Corporation's current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be different than those described in or implied by such forward-looking statements. These risks and uncertainties include those relating to: market acceptance of our products and services; our ability to form and maintain mutually beneficial relationships with customers and strategic partners; and changes in economic, political or regulatory conditions or other trends affecting the healthcare, Internet, information technology and plastics industries. Further information about these matters can be found in our Securities and Exchange Commission filings. Except as required by applicable law or regulation, we do not undertake any obligation to update our forward-looking statements to reflect future events or circumstances. WebMD(R), WebMD Health(R), POREX(R) and ViPS(SM) are trademarks of HLTH Corporation or its subsidiaries. Emdeon(tm) and Emdeon Business Services(tm) are trademarks of Emdeon Business Services, LLC or its subsidiaries.
SOURCE Emdeon Corporation
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