General Atlantic and Hellman & Friedman Purchase HLTH Corporation's Remaining Interest in Emdeon

Tracy Bahl Joins Board of Directors as Chairman

Feb 11, 2008, 00:00 ET from Emdeon Business Services

    NASHVILLE, Tenn., Feb. 11 /PRNewswire-FirstCall/ -- Emdeon Business
 Services (Emdeon) announced today that General Atlantic LLC (General
 Atlantic) and affiliates of Hellman & Friedman LLC completed the purchase
 of all remaining interests in Emdeon held by HLTH Corporation (Nasdaq:  
 HLTH). General Atlantic purchased a 52% interest in Emdeon from HLTH in
 November 2006.
     Emdeon also announced that Tracy L. Bahl, formerly Chief Executive
 Officer of Uniprise, a multi-billion dollar UnitedHealth Group company, has
 joined Emdeon's board of directors as Chairman. Mr. Bahl will work closely
 with Emdeon's board of directors and leadership team to pursue its
 strategic growth objectives.
     Emdeon CEO George Lazenby commented, "We are extremely pleased that
 General Atlantic continues to show strong support for our business and the
 broader revenue cycle and claims administration marketplace. We are also
 pleased to welcome Hellman & Friedman as a partner alongside General
 Atlantic given the firms' collective experience in information services and
 healthcare. The opportunities ahead for Emdeon remain significant, and with
 these firms working with us as strong capital partners and strategic
 advisors, we are well positioned to continue to serve our clients with the
 highest-quality products and services."
     General Atlantic managing director, Jonathan Korngold, commented, "We
 are very excited about this next phase in Emdeon's development and are
 looking forward to working with the Company to build upon its leadership
 position as a provider of intelligent revenue cycle management and
 communications solutions for the healthcare industry."
     Mr. Lazenby added, "We are also very excited to have Tracy join Emdeon
 as Chairman as his experience and skill set complement the strengths of our
 existing team. His involvement will be a tremendous asset to us as we
 continue to focus on driving innovation around our core capabilities and
 delivering our services to the healthcare market."
     Mr. Bahl said, "I am delighted to be a part of the Emdeon team. Emdeon
 is addressing the growing demand among healthcare constituents for
 electronic payment and remittance solutions as payers and providers seek to
 reduce paper and improve the overall speed, accuracy and efficiency of
 billing and payment administration. We see substantial growth opportunities
 in Emdeon's markets, and I look forward to working closely with the Emdeon
 team and our directors in building the leading provider of healthcare
     Mr. Bahl, 45, currently serves as a Special Advisor to General
 Atlantic, a global growth investor and Emdeon's majority owner. As CEO of
 Uniprise, a division of UnitedHealth Group, Mr. Bahl was responsible for
 leading Uniprise's growth and advancing the Group's position as the leading
 provider of healthcare solutions to the large employer marketplace. He also
 led UnitedHealth Group's International business operations, including
 cross-border health benefits services and extensive in-country operations
 across the globe.
     Mr. Bahl joined UnitedHealth Group in 1998 as president of domestic and
 multi-national employers, governments and institutions. After serving in
 this position for four years, he was named chief marketing officer of
 UnitedHealth Group. He was appointed CEO of Uniprise in 2004.
     Joining Mr. Bahl as new members of Emdeon's board of directors will be
 Allen Thorpe and Philip Hammarskjold, managing directors of Hellman &
 Friedman. Existing board members include General Atlantic managing
 directors Mark Dzialga and Jonathan Korngold.
     Allen Thorpe, Managing Director of Hellman & Friedman LLC added, "We
 strongly believe in the strength of the Emdeon franchise and look forward
 to partnering with management and General Atlantic to continue its growth."
     About Emdeon Business Services
     Emdeon Business Services is a leading provider of revenue cycle
 management and clinical communication solutions that enables payers,
 providers and patients to improve healthcare business processes. Our
 solutions are designed to simplify the business and improve the delivery of
 healthcare for providers, payers and patients. Emdeon Business Services is
 owned by General Atlantic LLC and Hellman & Friedman LLC. For more
 information, visit
     About General Atlantic
     General Atlantic is a leading global growth equity firm providing
 capital and strategic support for growth companies. GA combines a
 collaborative global approach, sector specific expertise, long-term
 investment horizon and a deep understanding of growth drivers to partner
 with great management and build exceptional businesses worldwide. Founded
 in 1980, GA manages approximately $17 billion in capital and has more than
 70 investment professionals based in Greenwich, New York, Palo Alto,
 London, Dusseldorf, Hong Kong, Mumbai and Sao Paulo. For further
 information and a listing of GA's public and private portfolio companies
     About Hellman & Friedman LLC
     Hellman & Friedman LLC is a leading private equity investment firm with
 offices in San Francisco, New York and London. The Firm focuses on
 investing in superior business franchises and serving as a value-added
 partner to management in select industries including business services,
 asset management, information services, media, energy and healthcare. Since
 its founding in 1984, Hellman & Friedman has raised and, through its
 affiliated funds, managed over $16 billion of committed capital and is
 currently investing its sixth partnership, Hellman & Friedman Capital
 Partners VI L.P., with over $8 billion of committed capital. Other recent
 investments include: Catalina Marketing Corporation, Kronos Incorporated,
 Sheridan Healthcare, Inc., Gartmore Investment Management plc, IRIS
 Software Group Limited, LPL Holdings, Inc., DoubleClick, Inc., The Nasdaq
 Stock Market, and Texas Genco LLC. For more information, visit

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