Question-and-Answer Session
Operator
Thank you, we will now begin the question and answer session. [Operator instructions]. Our first question comes from Christopher Mcfadden with Goldman Sachs, your line is open sir.
Christopher Mcfadden - Goldman Sachs
Thanks very much, two questions. One is the update you could provide relative to the business services that review and whether or not we should anticipate any changes there and then I am interested Kevin or Marty on your views on the new language released by CMS today in terms of the exemption for electronic health records. How impactful do you think this will be for the market and how and in what forms do you think that Emdeon is in a position to take advantage of some of this new liberalization in terms of information transfer among participants within the healthcare market place, thanks.
Kevin M. Cameron
Well, we respect your question Chris on business services. I think what we said is pretty much what we can say which is that we are continuing to evaluate that and that we will expect to have news for you at the end of August or early on September. With respect to the new -- that have come out that’s something that we are still looking at. I don’t have a deep answer to give you on this call right now.
Christopher Mcfadden - Goldman Sachs
Yeah, I understand. Stepping back and may be one last question and when you think about the transaction that you have announced today, can you give us any, you know sort of context of -- I am sure some of this will be forthcoming in your SEC filings. You talked about you know, certain number of participants or any other sort of context around as a negotiation that will perhaps try to help understand how you arrived at this particular partner and anything else that would, you know add some insight to the process, thanks.
Martin J. Wygod
Chris, this is Marty, and it was a very competitive process and this is where we ended up where we thought that the best price for the company and the best relationship going forward and the one that could help bring in the maximum amount of future value to WebMD as well as to business services.
Christopher Mcfadden - Goldman Sachs
Great thank you.
Operator
Our next question comes from Sandy Draper with JMP Securities, your line is open.
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