Deals
Blackstone Will Buy Medical-Biller Emdeon for $3 Billion
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Blackstone Group LP, the world’s biggest private-equity firm, agreed to buy Emdeon Inc. for about $3 billion, taking the health-care billing firm private again after two years as a public company.
Emdeon shareholders will receive a cash payment of $19 a share, the Nashville, Tennessee-based software maker said in a statement today. The deal would give investors a 44 percent premium over the closing price for Emdeon stock on July 26, the day before news broke that the two sides were talking.