NEW YORK, Oct 23, 2009 /PRNewswire-FirstCall via COMTEX News Network/ --
WebMD Health Corp. (Nasdaq: WBMD) today announced that its previously announced merger with HLTH Corporation has been completed. As a result of the merger, which was approved by the stockholders of both companies earlier today, the shares of WebMD Class B Common Stock owned by HLTH were retired in the merger and each outstanding share of HLTH Common Stock was converted into 0.4444 shares of WebMD Common Stock. Shares of WebMD's Class A Common Stock were unchanged in the merger and will continue to trade on the NASDAQ Global Select Market under the symbol "WBMD", but will no longer be referred to as "Class A" because the merger eliminated the Class B shares held by HLTH and the dual-class structure that had existed at WebMD.
Martin J. Wygod will serve as Chairman of the Board and Wayne Gattinella will serve as Chief Executive Officer and President of the combined company.
WebMD Health Corp. (Nasdaq: WBMD) is the leading provider of health information services, serving consumers, physicians, healthcare professionals, employers and health plans through our public and private online portals and health-focused publications.
The WebMD Health Network includes WebMD Health, Medscape, MedicineNet, eMedicine, eMedicine Health, RxList and theHeart.org.
All statements contained in this press release, other than statements of historical fact, are forward-looking statements. These statements are based on WebMD's current plans and expectations and involve risks and uncertainties, including those described in our SEC filings.
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