Emdeon Inc. Celebrates IPO, First Day of Trading on NYSE
NEW YORK , August 12, 2009 – Emdeon Inc., a leading provider of revenue and payment cycle management solutions in the U.S. healthcare system, opened for trading today on the New York Stock Exchange under the ticker symbol “EM” after its successful initial public offering in which it raised $367 million in gross proceeds. Headquartered in Nashville , Tenn. , Emdeon is the 13th IPO byan operating company, including non-U.S. companies, and the 10th U.S. domestic IPO to list on the New York Stock Exchange this year.
“We congratulate Emdeon on the successful completion of its IPO,” said Scott R. Cutler, NYSE Euronext EVP and Head of Listings, Americas . “Emdeon is an innovative, technology-oriented healthcare services company and a welcome addition to the NYSE. We look forward to a lasting partnership with the company and its stockholders.”
To celebrate the company’s IPO and NYSE listing, Emdeon, led by George I. Lazenby, Chief Executive Officer, will ring the NYSE Opening Bell on August 25th.
Emdeon is the 10th U.S. initial public offering to begin trading on the New York Stock Exchange this year among a roster of leading companies that have chosen to go public on the NYSE: Mead Johnson Nutrition Company (NYSE: MJN), which raised $828 million in proceeds; Rosetta Stone (NYSE: RST ), which raised $129 million in proceeds; Bridgepoint Education (NYSE: BPI), which raised $163 million in proceeds; DigitalGlobe (NYSE: DGI), which raised $279.3 million in proceeds, and SolarWinds, Inc. (NYSE: SWI) which raised $151.5million.
About Emdeon Inc.
Emdeon Inc. is a leading provider of revenue and payment cycle management solutions, connecting payers, providers and patients in the U.S. healthcare system. Emdeon’s product and service offerings integrate and automate key business and administrative functions of its payer and provider customers throughout the patient encounter. Through the use of Emdeon’s comprehensive suite of products and services, which are designed to easily integrate with existing technology infrastructures, its customers are able to improve efficiency, reduce costs, increase cash flow and more efficiently manage the complex revenue and payment cycle process. (Source: Emdeon Inc.)
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