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HLTH Corporation Announces Fourth Quarter Financial Results
Date:2/19/2009

ELMWOOD PARK, N.J., Feb. 19 /PRNewswire-FirstCall/ -- HLTH Corporation (Nasdaq: HLTH) today announced financial results for the three months ended December 31, 2008.

"We are pleased with WebMD's fourth quarter results announced today," said Martin J. Wygod, Chairman and Acting Chief Executive Officer of HLTH Corporation. "During the quarter, HLTH completed a large tender offer which reduced its shares outstanding by 45% and provided an effective way to address the interests of HLTH shareholders by providing near-term liquidity to those who desired it, while simultaneously creating long-term value for continuing shareholders. HLTH and WebMD are well positioned financially in this uncertain economy."

Consolidated Financial Highlights

Revenue for the fourth quarter was $111.5 million compared to $96.6 million in the prior year period, an increase of 15%. Earnings before interest, taxes, non-cash and other items ("Adjusted EBITDA") for the fourth quarter was $29.3 million compared to $27.4 million in the prior year period, an increase of 7%. Income from continuing operations for the fourth quarter was $8.8 million or $0.06 per share. Income from discontinued operations was $0.3 million or $0.00 per share and net income was $9.1 million or $0.06 per share.

At December 31, 2008, HLTH had approximately $918 million in cash and investments, of which $325 million is attributable to WebMD.

Segment Operating Results

Online Services segment revenue was $108.8 million for the fourth quarter compared to $92.3 million in the prior year period, an increase of 18%. Advertising and sponsorship revenue increased 21%, from the prior year period, to $85.3 million. Private portal licensing revenue increased 8%, from the prior year period, to $23.2 million. Onl
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SOURCE HLTH Corporation
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