The planned sale of a majority of Emdeon's shares to private-equity group Blackstone didn't take long to elicit a reaction from some of the country's class-action securities attorneys. At least five firms — Bernstein Liebhard, Glancy Binkow & Goldberg, Kendall Law Group, Levi & Korsinsky and Rigrodsky & Long, to list them alphabetically — have since this morning said they are looking at whether Emdeon's violated its fiduciary duties.
Shares of Emdeon are up almost 10 percent this afternoon after the New York Post reported that private-equity firm Blackstone will "shortly" announce its acquisition of the company for $3 billion. Emdeon (Ticker: EM) popped last week after The Wall Street Journal first reported on the talks.
Iasis Chairman and former CEO David White has been elected to the board of Anthelio, a Dallas-based developer of health care software and business processes focused on the hospital market. White stepped down from the Iasis corner office late last year.
Electronic health record company Health IT Services Group plans to open a development center in a former tobacco plant in Durham, N.C. The move will create 45 jobs and take up 12,000 square feet. Health IT Services Group, which recently signed up its 1,000th user, wants to be up and running by November.