A fund managed by Blackstone Group has acquired Emdeon in a $3 billion deal. Emdeon is a leading provider of healthcare revenue and payment cycle management and clinical information exchange solutions. The fund is managed by the New York–based alternative asset management and financial services company for its private equity investors.
Morgan Stanley was the lead financial advisor and UBS Investment Bank was co-financial advisor on the transaction to Emdeon's board of directors. Financial advisors to the buyer were Blackstone Advisory Partners, Bank of America Merrill Lynch, Barclays Capital and Citigroup. Private equity investment firm Hellman & Friedman will retain a minority equity interest in Emdeon.
Click here for the release from PR Newswire.