Earnings Call Excerpt
Emdeon (HLTH)
Q3 2006 Earnings Call
November 2, 2006 4:45 pm ET
Executives:
Risa Fisher, Vice President, Investor Relations
Kevin Cameron, Chief Executive Officer
Andrew C. Corbin, Executive Vice President and CFO
Anthony Vuolo, Chief Financial Officer
Wayne T. Gattinella, CEO and President, WebMD Health
Martin Wygod, Chairman of Board of Directors
Analysts:
Sandy Draper, JMP Securities
Anthony Vendetti, Maxim Group
Anthony Petrone, Maxim Group
Anthony Noto, Goldman Sachs
Heath Perry, Credit Suisse
Mark Mahaney, Citigroup
Rob Kelly, Smith Barney
Brian Pitts, Banc of America
Andrew Schlossel, Private Investor
Duane Pfenningwerth, Raymond James
Presentation
Operator
Good afternoon and welcome to Emdeon Corporation’s and WebMD Health Corp. September 2006 Quarterly Conference Call. Today’s conference is being recorded. I will now turn the call over to Risa Fisher, Vice President of Investor Relations.
Risa Fisher, Vice President, Investor Relations
Good afternoon. This is a joint conference to discuss Emdeon and WebMD’s third quarter financial results. I will read the following statement concerning forward-looking disclosures.
All statements made today other than statements of historical facts are forward-looking statements including those regarding guidance on future financial results and other projections or measures of our future performance and the amount and timing of the benefits expected from acquisitions and other transactions from new products and services and from other potential sources of additional revenue and the expected timing of completion of the sale of a 52% interest in Emdeon Business Services. These statements speak only as of today and are based on our current plans and expectations, and they involve risks and uncertainties that could cause actual future events or results to be different from those described including risks relating to market acceptance of products and services, the company’s ability to develop and maintain relationships with healthcare industry participants including healthcare payers and providers and vendors of services to those payers and providers, difficulties in integrating acquired businesses, changes in economic, political or regulatory conditions or other trends affecting the healthcare, internet, information technology, and plastics industries including matters relating to HIPAA and the pending sale transaction involving Emdeon Business Services and it’s effect on that segments and on Emdeon. Many of these risks and uncertainties are described in the company’s respective SEC filings; except as required by applicable law or regulation, Emdeon and WebMD do not undertake any obligation to update their forward-looking statements to reflect future events or circumstances.
The earnings release issued today by Emdeon is available at www.emdeon.com in the ?About Emdeon? section and has also been included in the Form 8-K filed today with the SEC. The earnings release issued today by WebMD is available at www.wbmd.com in the investor relation section and has also been included in the Form 8-filed today with the SEC. The respective Form 8-K and other SEC filings are also available on Emdeon’s and WebMD’s respective websites and on the SEC’s website. The releases in Form 8-K that were filed today include reconciliation’s between GAAP and non-GAAP financial measures to be presented in this call. I’d now like to turn the call over to Kevin Cameron, CEO of Emdeon.
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