ELMWOOD PARK, N.J. and NEW YORK, Oct. 20 /PRNewswire-FirstCall/ -- Emdeon
Corporation (Nasdaq: HLTH) and its 85.6% owned subsidiary, WebMD Health Corp.
(Nasdaq: WBMD) today announced the expected timing for providing the
companies' 2007 financial guidance.
As a result of the previously announced pending transaction regarding the
Emdeon Business Services segment, Emdeon does not intend to provide its
financial guidance for 2007 until early 2007. WebMD will provide its
financial guidance for 2007 on November 2, 2006, when it reports its results
for the quarter ended September 30, 2006. WebMD expects that its financial
guidance for 2007, taking into account the May 2007 expiration of its existing
agreement with the AOL division of Time Warner ("AOL"), will be within the
range of existing published analyst estimates.
Under the AOL Agreement, which was entered into in May 2001 and expires on
May 1, 2007, WebMD provides healthcare content, tools and services for use on
certain AOL properties. WebMD does not expect its existing agreement with AOL
to continue following the expiration of that agreement. The page view traffic
from AOL was less than 5% of the aggregate WebMD Health Network page view
traffic for the quarter ended June 30, 2006. As a result of the expiration in
May 2007, the page view traffic from AOL will no longer be part of the WebMD
Health Network. Additionally, revenues and earnings of approximately
$5 million per year related to certain contractual guarantees will also end
with the expiration of the Agreement.
As previously announced, Emdeon and WebMD will release their respective
financial results for the three months ended September 30, 2006 at
approximately 4:00 pm (ET) on Thursday, November 2, 2006. The Companies will
host a conference call at 4:45 pm (ET) on that day to discuss those results.
Investors can access the call via webcast at http://www.emdeon.com (in the
About Emdeon section) or at http://www.wbmd.com (in the Investor Relations
section) at that time. A replay of the call will be available at the same web
Emdeon (Nasdaq: HLTH) is a leading provider of business, technology and
information solutions that transform both the financial and clinical aspects
of healthcare delivery. At the core of Emdeon's vision is the commitment to
connect providers, payers, employers, physicians and consumers in order to
simplify business processes, to provide actionable knowledge at the right time
and place and to improve healthcare quality.
Emdeon Business Services provides revenue cycle management and clinical
communication solutions that enable payers, providers and patients to improve
healthcare business processes. WebMD (Nasdaq: WBMD) provides health
information services for consumers, physicians, healthcare professionals,
employers and health plans through its public and private online portals and
health-focused publications. Porex is a developer, manufacturer and
distributor of proprietary porous plastic products and components used in
healthcare, industrial and consumer applications.
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. WebMD is a subsidiary of Emdeon Corporation
(Nasdaq: HLTH). The WebMD Health Network reaches approximately 30 million
visitors a month through its leading owned and operated health sites that
include 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, including those regarding
expectations for growth in 2007. These statements are based on Emdeon's and
WebMD's 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. These risks and
uncertainties include those relating to: market acceptance of Emdeon's and
WebMD's products and services; Emdeon's and WebMD's ability to form and
maintain mutually beneficial relationships with customers and strategic
partners; and changes in economic, political or regulatory conditions or other
trends affecting the healthcare, Internet and information technology
industries. Further information about these matters can be found in Emdeon's
and WebMD's Securities and Exchange Commission filings. Except as required by
applicable law or regulation, Emdeon and WebMD do not undertake any obligation
to update our forward-looking statements to reflect future events or
WebMD(R), WebMD Health(R), Emdeon(TM), Emdeon Business Services(TM),
Medscape(R), eMedicine(R) and Summex(R), and POREX(R) are trademarks of Emdeon
Corporation or its subsidiaries.
SOURCE Emdeon Corporation; WebMD Health Corp.
CONTACT: Investors - Risa Fisher, email@example.com, +1-212-624-3817,
+1-201-414-2002; or Media - Jennifer Newman, firstname.lastname@example.org,
/Web site: http://www.emdeon.com