Monday, October 20, 2008

Hlth Corp Lets Go Of WebMD

Hlth Corp (HLTH) finally threw in the towel and stopped trying to take over WebMD (WBMD). WebMD understood financial health and had cash at hand. They also did not want to be saddled with debt. Pretty basic if you ask me. Why did it take so long to reach the obvious conclusion? Well you have the problem of the interlocking board members. Here is a partial list of directors on Hlth who also sit or have sat on WebMD - Mark Adler, James Manning, Neil Dimmick. What side is their bread buttered on?