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General Atlantic, Hellman & Friedman invest $575m in Emdeon General Atlantic, Hellman & Friedman invest $575m in Emdeon

12 Feb 2008. Source: AltAssets.
General Atlantic and Hellman & Friedman have acquired all remaining interests in Emdeon held by HLTH Corporation. General Atlantic purchased a 52 per cent interest in the company from HLTH in November 2006.

Emdeon provides revenue cycle management and clinical communication solutions to healthcare businesses.

General Atlantic managing director, Jonathan Korngold, said, 'We are very excited about this next phase in Emdeon's development and are looking forward to working with the company to build upon its leadership position as a provider of intelligent revenue cycle management and communications solutions for the healthcare industry.'

Allen Thorpe, managing director of Hellman & Friedman, added, 'We strongly believe in the strength of the Emdeon franchise and look forward to partnering with management and General Atlantic to continue its growth.'

General Atlantic manages $17bn in capital and has offices in Greenwich, New York, Palo Alto, London, Düsseldorf, Hong Kong, Mumbai and São Paulo.

Hellman & Friedman closed its sixth fund, Hellman & Friedman Capital Partners VI, in April 2007, on $8.4bn.

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