TITLE

Going private again: Blackstone to buy Emdeon for $3 billion

AUTHOR(S)
Evans, Melanie
PUB. DATE
August 2011
SOURCE
Modern Healthcare;8/8/2011, Vol. 41 Issue 32, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses plans by U.S. healthcare billing and finance company Emdeon to return to private ownership as private equity firm Blackstone Group agrees to become majority owner in a deal valued at three billion U.S. dollars in 2011. It notes that the Blackstone Group, which has the largest stake in hospital operator Vanguard Health Systems, reportedly agreed to pay 19 U.S. dollars a share. Emdeon's shares total 2.2 billion U.S. dollars, while debts amount to 947.5 million U.S. dollars.
ACCESSION #
64342341

 

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