Interest in WHC will recur in future periods.
-- Other Items. HLTH engages in other activities and transactions that can
impact HLTH's overall income from continuing operations. These
other items included, but were not limited to, (i) legal expenses
relating to the on-going Department of Justice investigation, (ii)
equity in earnings of EBS Master LLC, which represents 48% of EBS's
income through February 8, 2008, (iii) working capital adjustment from
the sale of 52% of the Emdeon Business Services segment on November 16,
2006, (iv) a reduction of certain sales and use tax contingencies
resulting from the expiration of certain applicable statutes of
limitations, (v) advisory expenses relating to the evaluation, in 2008
and 2007, by HLTH's Board of Directors of strategic alternatives
for HLTH, (vi) gain on sale from the sale of the remaining 48% ownership
interest in EBS Master LLC, and (vii) loss on the impairment of auction
rate securities. HLTH excludes these other items from Adjusted EBITDA
because it believes these activities or transactions are not directly
attributable to the performance of HLTH's business operations and,
accordingly, their exclusion assists management and investors in making
period-to-period comparisons of operating performance. Investors should
note that some of these other items may recur in future periods.
|SOURCE HLTH Corporation|
Copyright©2008 PR Newswire.
All rights reserved