WebMD Announces Completion of Merger with HLTH Corporation
October 23 2009 - 3:01PM
PR Newswire (US)
NEW YORK, Oct. 23 /PRNewswire-FirstCall/ -- WebMD Health Corp.
(NASDAQ: WBMD) today announced that its previously announced merger
with HLTH Corporation has been completed. As a result of the
merger, which was approved by the stockholders of both companies
earlier today, the shares of WebMD Class B Common Stock owned by
HLTH were retired in the merger and each outstanding share of HLTH
Common Stock was converted into 0.4444 shares of WebMD Common
Stock. Shares of WebMD's Class A Common Stock were unchanged in the
merger and will continue to trade on the NASDAQ Global Select
Market under the symbol "WBMD", but will no longer be referred to
as "Class A" because the merger eliminated the Class B shares held
by HLTH and the dual-class structure that had existed at WebMD.
Martin J. Wygod will serve as Chairman of the Board and Wayne
Gattinella will serve as Chief Executive Officer and President of
the combined company. About WebMD WebMD Health Corp. (NASDAQ:WBMD)
is the leading provider of health information services, serving
consumers, physicians, healthcare professionals, employers and
health plans through our public and private online portals and
health-focused publications. The WebMD Health Network includes
WebMD Health, Medscape, MedicineNet, eMedicine, eMedicine Health,
RxList and theHeart.org. All statements contained in this press
release, other than statements of historical fact, are
forward-looking statements. These statements are based on WebMD's
current plans and expectations and involve risks and uncertainties,
including those described in our SEC filings. WebMD®, Medscape®,
eMedicine®, MedicineNet®, RxList®, Subimo®, Medsite®, and Summex®,
are trademarks of WebMD Health Corp. or its subsidiaries.
DATASOURCE: WebMD CONTACT: Investors: Risa Fisher, +1-212-624-3817,
; Media: Kate Hahn, +1-212-624-3760, , both of WebMD Web Site:
http://www.webmd.com/
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