HLTH Corporation Announces First Quarter Financi...( ELMWOOD PARK N.J. May 6 /- HLTH C...),Health

ELMWOOD PARK, N.J., May 6 /PRNewswire-FirstCall/ -- HLTH Corporation (Nasdaq: HLTH) today announced financial results for the three months ended March 31, 2008.

Martin J. Wygod, Chairman and Acting Chief Executive Officer of HLTH Corporation, said: "With over 51 million unique monthly users and over 1 billion quarterly page views, WebMD has again achieved record traffic levels and continues to demonstrate its market leadership. The long-term value of the WebMD franchise continues to increase."

Consolidated Financial Highlights

Revenue for the first quarter was $81.7 million, an increase of 14% over the prior year. Earnings before interest, taxes, non-cash and other items ("Adjusted EBITDA") for the first quarter was $10.7 million, an increase of 81% over the prior year. Income from continuing operations for the first quarter was $459.6 million or $2.03 per share and net income was $463.2 million or $2.04 per share, both of which include a gain of $538 million, or approximately $514 million net of tax, from the sale of HLTH's 48% minority interest in Emdeon Business Services and a $60.1 million impairment charge related to a reduction in fair value of the Company's auction rate securities (ARS) investments.

HLTH's financial results present the ViPS and Porex businesses as discontinued operations in the current and prior year periods, reflecting the decision to divest these businesses. WebMD's offline professional medical reference and textbook publication business is presented as a discontinued operation in the prior year period, reflecting the sale of that business on December 31, 2007.

Segment Operating Results

WebMD's Online Services segment revenue was $78.4 million for the first quarter compar
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