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news.HLTH Corporation has completed the sale, for $575 million in cash, of its 48% minority interest in Emdeon Business Services to General Atlantic and Hellman & Friedman.
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General Atlantic previously acquired a 52% majority interest in Emdeon Business Services from HLTH in November 2006.
In the November 2006 transaction, HLTH received approximately $1.2 billion in cash and retained a 48% interest in Emdeon Business Services. As a result of the completion of the sale of that 48% interest, HLTH has received total proceeds of approximately $1.775 billion in cash for Emdeon Business Services.