Elmwood Park, N.J.-based HLTH Corporation has sold its 48 percent minority interest in Emdeon Business Services to General Atlantic (Greenwich, Conn.) and Hellman & Friedman LLC (San Francisco) for $575 million in cash. General Atlantic previously acquired a 52 percent majority interest in the company from HLTH in November 2006.
HLTH Corp.’s businesses are comprised of WebMD Health Corp., ViPS and Porex. WebMD provides health information services for consumers, physicians, healthcare professionals, employers and health plans through its public and private online portals and health-focused publications. ViPS provides healthcare data management, analytics, decision- support and process automation solutions and related information technology services to governmental, Blue Cross Blue Shield and commercial healthcare payers. Porex is a developer, manufacturer and distributor of proprietary porous plastic products and components used in healthcare, industrial and consumer applications.