The Nashville-based provider of health care payment and administrative systems will pay $11 million in cash and stock at the closing expected this month. Emdeon also could pay up to $14 million more in cash based on financial performance of the acquired business for three years after the closing.
Separately, Emdeon reported fourth-quarter net income of $4.7 million, or 3 cents per share, vs. $4.2 million, or 4 cents per share, a year earlier.
GETAHN WARDLifePoint board OKs stock repurchase
LifePoint Hospitals Inc. said its board has authorized the repurchase of up to $70 million of its stock on or before May 7.
The Brentwood-based hospital operator said that there's no guarantee as to the exact number of shares that would be repurchased or that there will be any repurchases at all.
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