Emdeon buys Altegra Health for $910 mln

Emdeon Inc, a Blackstone and Hellman & Friedman portfolio company, said Monday it has agreed to buy Altegra Health for about $910 million in cash. Parthenon Capital Partners is the seller. Miami Lakes, Florida-based Altegra provides payment solutions for health plans and healthcare providers. Greenhill & Co. LLC is advising Emdeon while Goldman, Sachs & Co. and Triple Tree LLC provided financial advice to Altegra.

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