Emdeon completes business services sale

AuntMinnie.com staff writers
Nov 16, 2006

Healthcare services and information technology developer Emdeon said it has completed the sale of 52% of its Emdeon Business Services division to an affiliate of venture capital firm General Atlantic.

The Elmwood Park, NJ-based Emdeon said that it received approximately $1.2 billion in cash and retained a 48% interest in the unit. The acquisition was financed with approximately $925 million in bank debt and an investment of approximately $319 million by General Atlantic, according to Emdeon.

By AuntMinnie.com staff writers
November 17, 2006

Related Reading

Emdeon profits from sales and divestiture in Q3, November 3, 2006

Emdeon sells majority interest in Business Services, September 26, 2006

Emdeon completes Practice Services sale to Sage, September 15, 2006

Emdeon sells Practice Services unit to Sage, August 9, 2006

Emdeon posts strong Q2, August 9, 2006

Copyright © 2006 AuntMinnie.com

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