Cleary Gottlieb is representing Citigroup Global Markets in its capacity as financial advisor to Emdeon Corporation for the sale of Emdeon’s wholly owned subsidiary, Emdeon Practice Services, to Sage Software, Inc., a subsidiary of The Sage Group plc. The transaction, priced at $565 million, was announced August 8 and is expected to close later this year.
Emdeon Corporation is a leading provider of business, technology and information solutions that transform both the financial and clinical aspects of healthcare delivery. Emdeon Practice Services helps medical practices automate their operations. The Sage Group is a leading supplier of business management software and services to 5 million customers worldwide.