The stock price of revenue cycle management vendor Emdeon Business Services rose 22 percent in heavy trading on July 27, then dropped 7 percent in even heavier morning trading on July 28 following reports that the Blackstone Group equity firm is in talks to buy Emdeon for more than $3 billion.
The Wall Street Journal first reported the negotiations and other business publications quickly picked it up. Bloomberg noted that Emdeon, with $1 billion in sales last year, has only been a public company for two years.
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