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
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