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...Shares in Nashville-based Emdeon rose 22 per cent on Wednesday to close at $16.01. Blackstone declined to comment....
...Emdeon focuses on medical billing products which connect insurers, healthcare providers and patients....
...In August, Blackstone made a $3bn offer to Emdeon, a technology company....
...It acquired the Florida-based healthcare business in 2006 for £297m from Emdeon Corp, which itself was recently taken over by private equity group Blackstone in a $3bn deal....
...An acquisition of MYOB would more than double Sage’s previous record deal in 2008 when it paid £315m for Emdeon, the US healthcare software group....
...an MBA from Harvard is perhaps fitting for a company that has become increasingly international through a series of acquisitions, including the £307m ($470m) purchase of US healthcare software company Emdeon...
...Its acquisition-led strategy reached a peak in 2006 when it spent £617.5m, including its largest deal to date: the £307m purchase of Emdeon Practice Services....
...But longtime investors will remember that Emdeon healthcare has hardly been a glowing success while the US business was underperforming even at the peak of the market....
...That included its largest-ever deal: the £307m purchase of Emdeon Practice Services. But the recession has dulled its appetite for deals....
...Sage pushed itself deeply into debt in 2006 when it spent £617.5m on acquisitions including Verus, the merchant services business, and Emdeon, the healthcare group, as it expanded its activities in North...
...Wall Street’s jaded appetite for the shares of new technology companies has shown signs of recovery in recent days, with the successful launch of the two biggest tech IPOs of the past year – Emdeon, a health...
...Emdeon, a health information technology company, earlier this week raised $367m, following closely on the heels of a $648m share sale at the end of last week by Avago, a semiconductor design company....
...But Emdeon , a healthcare services company, jumped on its first day of trade and the shares, which were priced at $15.50, climbed6.6 per cent to $16.52....
...The division makes software for doctors’ surgeries in North America, and has performed poorly since Sage acquired it in 2006 after buying Florida-based Emdeon Practice Services for £297m....
...Sage bought the unit as Emdeon Practice Services in December 2006 for £297m, but the acquisition has proved hard to integrate....
...and medium sized businesses around the world, said it planned to reorganise its North American activities after rapid expansion, particularly through acquisitions such as last year’s £297m purchase of Emdeon...
...The broker said concerns about Sage’s US medical division, Emdeon, had been overplayed....
...In addition, last year Sage made what was seen as one of its riskiest acquisitions in the US, the £297m purchase of Emdeon, which provides software for doctors surgeries....
...The results would “include an immaterial contribution” from Emdeon Practice Services, the US maker of healthcare management software acquired last month for $567m....
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