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HLTH Corporation Announces First Quarter Financial Results
Date:5/6/2008

nt, additional paid-in capital, or reversed to

goodwill, to the extent those tax benefits were acquired through

business combinations. The timing of such reversals has not been

consistent and as a result, HLTH's income tax expense can fluctuate

significantly from period to period in a manner not directly related to

HLTH's operating performance. HLTH excludes the income tax provision

from Adjusted EBITDA (i) because it believes that the income tax

provision is not directly attributable to the underlying performance of

HLTH's business operations and, accordingly, its exclusion assists

management and investors in making period-to-period comparisons of

operating performance and (ii) to assist management and investors in

making comparisons to companies with different tax attributes.

Investors should note that income tax provision will recur in future

periods.

-- Minority Interest in WHC. This represents the minority stockholders'

proportionate share of net income of HLTH's majority-owned WebMD Health

Corp. subsidiary (which we refer to as WHC). The size of this Minority

Interest is related to HLTH's percentage ownership of WHC. Changes in

that percentage ownership may result from changes in WHC's capital

structure, including as a result of sales of WHC equity securities by

WHC or HLTH or as a result of exercise of WHC employee stock options.

HLTH excludes Minority Interest from Adjusted EBITDA (i) because it

believes that the size of the Minority Interest can vary for reasons

not attributable to the underlying performance of HLTH's business

operations and, accordingly, its exclusion assists management and

investors in making period-to-period comparisons of operating

performance and (ii) to assist management and investors in making


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SOURCE HLTH Corporation
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