ELMWOOD PARK, N.J., Oct. 20 /PRNewswire-FirstCall/ -- HLTH Corporation (Nasdaq: HLTH) today announced that it has completed the sale of its Porex segment to affiliates of Aurora Capital Group, a Los Angeles based private equity firm, for $142 million, which consists of $74.5 million in cash and $67.5 million in senior secured debt of Porex payable over four years. This transaction was previously announced on September 18, 2009.
HLTH Corporation (Nasdaq: HLTH) owns approximately 83% of WebMD Health Corp. (Nasdaq: WBMD). WebMD is the leading provider of health information services, serving consumers, physicians, healthcare professionals, employers and health plans through its public and private online portals and health-focused publications.
All statements contained in this press release, other than statements of historical fact, are forward-looking statements, including those regarding matters related to the transaction described in this press release. 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, including risks and uncertainties regarding: changes in financial markets; 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® and WebMD Health® are trademarks of HLTH Corporation or its subsidiaries.
SOURCE HLTH Corporation
|SOURCE HLTH Corporation|
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