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Emdeon to Purchase Stock

Emdeon today commenced a tender offer to purchase up to 100 million shares of its common stock, approximately 36% of the company’s outstanding shares, at $12.25 per shareEmdeon (Nasdaq: HLTH) in Elmwood Park today commenced a tender offer to purchase up to 100 million shares of its common stock, approximately 36% of the company”s outstanding shares, at $12.25 per share. The tender offer will expire Dec. 4. Emdeon is a provider of clinical and financial operations for health care providers and offers health information through its Internet portal WebMD Health. The company sold its Practice Services division to Sage Software for $465 million earlier this year. Shares of HLTH rose one cent, or 8%, to $11.85 this morning.