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Web MD Health Sets IPO Pricing

The health information spinoff from the main WebMD (NSDQ: WBMD) (now called Emdeon), called WebMd Health, has set pricing on its planned Nasdaq IPO: 6.9 million shares to generate $90 million in working capital. The price will be between $13.50 to $15.50 per share of the Class A stock.

The main WebMD company recently split into two companies: WebMD Health, the helath info company, and Emdeon, the medical/health services company.

For first half of 2005, WebMD Health’s net loss widened to $2.51 million from $2.22 million a year earlier, while revenue rose to $74.74 million from $58.08 million. After the offering, the company will still be controlled by its parent Emdeon.

Related:

WebMD to Spin Off Health Info Websites In $50 Million IPO

WebMD Doubles IPO Raise to $100 Million