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NEW YORK ( TheStreet) -- Emdeon Inc (NYSE: EM) hit a new 52-week high Friday as it is currently trading at $18.91, above its previous 52-week high of $18.90 with 448,550 shares traded as of 1:25 p.m. ET. Average volume has been 870,400 shares over the past 30 days. Emdeon has a market cap of $1.7 billion and is part of the services sector and diversified services industry. Shares are up 39.2% year to date as of the close of trading on Thursday. Emdeon Inc. provides revenue and payment cycle management solutions that connect payers, providers, and patients in the United States healthcare system. The company has a P/E ratio of 75.4, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.