Oppenheimer Comments On Emdeon 2Q11 Results

According to Oppenheimer, Emdeon

posted essentially in-line 2Q11 results. Oppenheimer said that Emdeon reported 2Q revenue of $282M (in line with the estimate and modestly above consensus of $279M) and EPS of $0.26 (a penny above its and the consensus estimate). “Management pegged organic growth at ~3-4%, primarily due to further expansion into new transaction types and share gains, rather than a normalization in utilization.” Emdeon closed yesterday at $17.34.