HLTH calls its convertible preferreds

By Susanna Moon

Chicago, June 27 - HLTH Corp. said it will redeem all $99.4 million of its outstanding convertible redeemable exchangeable preferred stock.

As of June 27, 9,340 shares of preferred stock were outstanding.

The redemption date is July 9. Holders can convert the preferred shares into common shares by 5 p.m. ET July 6 at a price of $9.40 per share.

If not converted, the preferred shares will be redeemed for cash at a redemption price of 105% of the liquidation preference, or $10,500 per share.

The stock (Nasdaq: HLTH) closed at $13.98 June 26.

HLTH Corp., formerly Emdeon Corporation, health care business, technology and information services company based in Elmwood Park, N.J.

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