HLTH moved up over 11% to close at $10.05 on Thursday after saying that it may sell its business services and practice services segments. The company reported that their has been interest in these segements, so the board authorized the company to hire financial advisers to explore strategic alternatives, including possible sale of the units. Volume was high with over 13 million shares changing hands, compared to a normal daily average of 4.15 million shares. The stock has a 52 week high of $11.70.
It appears that the Frankenstein health care technology company WebMD/Emdeon/Healtheon/Medical Manager Company has finally decided to dump their costly divisions and refocus on core competencies. FINALLY!!
No mention on which companies that “expressed interest”. Could it be Mekesson? Maybe GE Health Systems?
I’ve been digging up some info on GE Health Systems. It appears they are interested in eliminating competition. They appear to be interested in the 1-25 provider practice management software companies and Emdeon is biggest in the market. You all know Jack Welch righ? Well, GE is alway either number 1 or number 2 in every market they are in. So……………