ELMWOOD PARK, N.J., Feb. 8 /PRNewswire-FirstCall/ -- Emdeon Corporation today announced an increase in the amount of its previously announced stock repurchase program, from $48 million to $68 million. Under the program, Emdeon may use up to $68 million to purchase shares of its common stock from time to time in the open market, through block trades or in private transactions, depending on market conditions and other factors. To date, Emdeon has purchased approximately 2 million shares of its common stock under the program.
ABOUT EMDEON
Emdeon is a leading provider of business, technology and information solutions that transform both the financial and clinical aspects of healthcare delivery. At the core of Emdeon’s vision is the commitment to connect providers, payers, employers, physicians and consumers in order to simplify business processes, to provide actionable knowledge at the right time and place and to improve healthcare quality.
Emdeon Business Services provides revenue cycle management and clinical communication solutions that enable payers, providers and patients to improve healthcare business processes. Emdeon Practice Services provides physician practice management and electronic health record software and services that increase practice efficiency and enhance patient care. WebMD Health provides health information services for consumers, physicians, healthcare professionals, employers and health plans through its public and private online portals and health-focused publications. Porex is a developer, manufacturer and distributor of proprietary porous plastic products and components used in healthcare, industrial and consumer applications.
All statements contained in this press release, other than statements of historical fact, are forward-looking statements. These statements are based on our 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; operational difficulties relating to combining acquired companies and businesses; our ability to form and maintain mutually beneficial relationships with customers and strategic partners; changes in economic, political or regulatory conditions or other trends affecting the healthcare, Internet, information technology and plastics industries, including matters relating to the Health Insurance Portability and Accountability Act of 1996 (HIPAA); and our ability to attract and retain qualified personnel. Further information about these matters can be found in our Securities and Exchange Commission filings. We expressly disclaim any intent or obligation to update these forward-looking statements.
Emdeon Corporation
CONTACT: Investors - Risa Fisher, rfisher@emdeon.com, +1-201-414-2002; orMedia - Jennifer Meyer Newman, jnewman@emdeon.com, +1-212-624-3912, both ofEmdeon Corporation
