HLTH Agrees To Sell Porex Unit For $74.5M
ELMWOOD PARK, N.J. (AP) ¿ HLTH Corp., which has a majority stake in health Web site WebMD.com, said Friday it agreed to sell its Porex unit, which makes plastic products, to a group led by a Los Angeles-based private equity firm for $142 million.
HLTH will get $74.5 million in cash at the closing and another $67.5 million over four years from a group led by the firm Aurora Capital Group.
The deal is expected to close in the fourth quarter.
Porex develops, makes and distributes porous plastic products and components used by health care, industrial and consumer applications.(This version CORRECTS to $142M to include seller-financed loan to buyer as part of what HLTH is getting for the Porex business)
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV