Navigation Links
HLTH Corporation Announces Completion of Sale of Porex Unit to Aurora Capital Group
Date:10/20/2009

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.

About HLTH

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
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. China Medicine Corporations Levocarnitine Dried Powder Injection Was Registered with the Ministry of Health of Pakistan
2. Micro-Waste Corporation Ordered to Pay Sanitecs Attorney Fees
3. Kimberly-Clark Announces Definitive Agreement to Acquire I-Flow Corporation
4. AMERIGROUP Corporation to Discuss Third Quarter Earnings on October 30
5. Glide Health Corporation and Integrated Medical Professionals Announce Partnership to Deploy the Glide Mobile Health Platform to Over One Million Patients and Over 100 Physicians in 50 Locations
6. JAG Media Holdings, Inc. Amends Articles of Incorporation
7. Advanced Data Systems Corporation and the Maryland Health Care Commission
8. Select Medical Holdings Corporation Successfully Completes Initial Public Offering of Common Stock
9. Association of Retired Xerox Employees Initiate Legal Proceedings Against Xerox Corporation
10. Harris Corporation Demonstrates Secure Exchange of Public Health Information in Cloud Computing Environment
11. Temps Inc. Acquires Medical Concepts Staffing Business From Analysts International Corporation
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/29/2016)... ... April 29, 2016 , ... On Tuesday, April 26, ... the Southeast, celebrated the signature of Gov. Nathan Deal on SB 258, the “Rural ... (R - Cumming), offers a 70% tax credit to individuals and corporations which donate ...
(Date:4/29/2016)... Fort Stewart, GA (PRWEB) , ... April 29, 2016 , ... ... on Monday, May 16, 2016, at its new location in the Exchange Furniture Mall ... including a raffle for a 50-inch Samsung Smart TV. Plus attendees will have the ...
(Date:4/29/2016)... ... April 29, 2016 , ... ... announces the Gyrociser, an exercise invention which aids in proper muscle development. , ... Cooper, CEO and Creative Director of World Patent Marketing. "Globalization has threatened the ...
(Date:4/29/2016)... ... April 29, 2016 , ... Reltok Nasal Products proudly announces that Boston Medical ... neck/ear, nose and throat specialty, has added the KOTLER NASAL AIRWAY™ to its diverse ... is a newly patented safety device secured by nasal surgeons onto the floor of ...
(Date:4/29/2016)... , ... April 29, 2016 , ... ... print media enterprise focused entirely on patients with cancer, today announced that Lynne ... chosen as the 2016 CURE® Extraordinary Healer® for Oncology Nursing , which ...
Breaking Medicine News(10 mins):
(Date:4/29/2016)... 29, 2016 ReportsnReports.com adds ... market research report that provides an overview of ... at various stages, therapeutics assessment by drug target, ... and molecule type, along with latest updates, and ... key players involved in the therapeutic development for ...
(Date:4/29/2016)... , April 29, 2016 ... glyco-biology expertise, today announces the appointment of Dr. ... Dr. Zurlo is an oncologist with many years clinical ... and biotechnology industries. His last role was at Mologen ... of the Executive Board. Previously Dr. Zurlo held various ...
(Date:4/28/2016)... 28, 2016  While Abbott,s announced purchase of ... valve repair and stent business, healthcare research firm ... more firmly into patient monitoring.  Kalorama said that ... device areas, with double-digit growth expected the next ... Advanced Remote Patient Monitoring . Abbott Laboratories ...
Breaking Medicine Technology: