Pent-up demand, improved markets driving health care deals

Panel discusses deal flow, IPO market, changing face of health care industry
May 12, 2010 5:27 PM

Big deal with some local flavor

Yesterday’s news of the $1.29 billion merger between HLTH Corp. and WebMD has a local twist. The Nashville office of Raymond James’ investment banking group served as the financial advisor to HLTH. Of the merger, Raymond James managing director Riley Sweat said:
The merger will simplify the public equity structure by eliminating both the controlling interest in WebMD held by HLTH and the associated complexity of the WebMD dual-class stock structure. The transaction also will provide HLTH shareholders with direct ownership in WebMD, while substantially improving the trading float.
The deal was originally announced more than a year ago in Feb. 2008. In October, however, the struggling financial markets scuttled the original deal. The former local pieces of those companies now make up Emdeon.
Jun 19, 2009 10:52 AM

Health Care Council taps new chairman

Healthways, Psych Solutions execs lead '08-'09 board
Jul 21, 2008 2:39 PM

Core of SunTrust Equitable health-care banking and research depart

[UPDATED 5:50 pm; first filed Tue 4:35 pm Apr 10]--Riley Sweat, Jim Baker lead nine others in establishing Nashville-based health-care banking unit for Raymond James
Apr 10, 2001 12:00 AM