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Emdeon Reports Third Quarter 2011 Results
Date:11/9/2011

Adjusted EBITDA of $66.5 million, or 27.0% of revenue, in the comparable period in 2010.  

GAAP net income (before noncontrolling interest) for the third quarter of 2011 was $6.3 million compared to GAAP net income of $6.6 million for the same period in 2010.  GAAP net income per diluted share for the third quarter of 2011 was $0.04 for both the third quarter of 2011 and 2010.  Non-GAAP Adjusted Net Income per fully diluted share for the third quarter of 2011 was $0.26, using a weighted average fully diluted share count of 124.2 million, compared to $0.23, using a weighted average fully diluted share count of 122.6 million, for the same period in 2010.

A reconciliation of Emdeon's financial results determined in accordance with U.S. Generally Accepted Accounting Principles (GAAP) to certain non-GAAP financial measures has been provided in the financial statement tables included in this release to supplement its unaudited condensed consolidated financial statements presented on a GAAP basis.  An explanation of these non-GAAP measures is also included below under the heading "Explanation of Non-GAAP Financial Measures."

Conference Call and WebcastAs noted in an earlier release, a fund managed by Blackstone on behalf of its private equity investors has completed its acquisition of Emdeon on November 2, 2011.  As a result, Emdeon will not host a conference call to discuss financial results for the third quarter of 2011.  

About EmdeonEmdeon is a leading provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers and patients in the U.S. healthcare system.  Emdeon's offerings integrate and automate key business and administrative functions of its payer and provider customers throughout the patient encounter.  Through the use of Emdeon's comprehensive suite of solutions, which are designed to easily integrate with existing technol
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