HLTH Corporation Announces Completion of Sale of Porex Unit to Aurora Capital Group
October 20 2009 - 8:36AM
PR Newswire (US)
ELMWOOD PARK, N.J., Oct. 20 /PRNewswire-FirstCall/ -- HLTH
Corporation (NASDAQ:HLTH) today announced that it has completed the
sale of its Porex segment to affiliates of Aurora Capital Group, a
Los Angeles based private equity firm, for $142 million, which
consists of $74.5 million in cash and $67.5 million in senior
secured debt of Porex payable over four years. This transaction was
previously announced on September 18, 2009. About HLTH HLTH
Corporation (NASDAQ:HLTH) owns approximately 83% of WebMD Health
Corp. (NASDAQ:WBMD). WebMD is the leading provider of health
information services, serving consumers, physicians, healthcare
professionals, employers and health plans through its public and
private online portals and health-focused publications. All
statements contained in this press release, other than statements
of historical fact, are forward-looking statements, including those
regarding matters related to the transaction described in this
press release. These statements are based on our current plans and
expectations and involve risks and uncertainties that could cause
actual future events or results to be different than those
described in or implied by such forward-looking statements,
including risks and uncertainties regarding: changes in financial
markets; and changes in economic, political or regulatory
conditions or other trends affecting the healthcare, Internet,
information technology and plastics industries. Further information
about these matters can be found in our Securities and Exchange
Commission filings. Except as required by applicable law or
regulation, we do not undertake any obligation to update our
forward-looking statements to reflect future events or
circumstances. WebMD® and WebMD Health® are trademarks of HLTH
Corporation or its subsidiaries. DATASOURCE: HLTH Corporation
CONTACT: Investors: Risa Fisher, , +1-201-414-2002, or Media: Kate
Hahn, , +1-212-624-3760 Web Site: http://www.hlth.com/
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