Blackstone finishes Emdeon business negotiations
A deal has been finalised that will see Blackstone take a controlling stake in Emdeon.
Blackstone has completed business negotiations with Emdeon in a takeover that is worth $3 billion (£1.8 billion).
It will see the former take a controlling interest in the latter, while shareholders are set to receive $19 per share under the terms of the arrangement.
Approximately 70 per cent of shareholders are in favour already as General Atlantic and Hellman & Friedman are backing the move.
George Lazenby, chief executive officer for Emdeon, noted the resolution represents a "great return for investors".
"We are excited about the opportunity to move forward with two excellent investors in Blackstone and Hellman & Friedman," he added.
Mr Lazenby stated Blackstone - which was set up less than 25 years ago - will be "tremendous partners" as the firm continues to make the healthcare sector more efficient.
He remarked his group is looking to build on its current position as a leader when it comes to healthcare information.
Posted by David Gleck