NWH Completes Merger With Ingenix
August 09 2006 - 10:17AM
PR Newswire (US)
NEW YORK, Aug. 9 /PRNewswire-FirstCall/ -- NWH, Inc. (NASDAQ:NWIR)
(NWH), the parent company of health care payer services
organization Electronic Network Systems, Inc. (ENS), announced that
the merger with Ingenix, Inc. (Ingenix), a leading health
information company and a subsidiary of UnitedHealth Group
(NYSE:UNH), was completed prior to the open of business today. NWH
is now a wholly-owned subsidiary of Ingenix. NWH and Ingenix
entered into a definitive agreement on May 25, 2006, under which
NWH stockholders receive $18.24 per share in cash. About Ingenix
Ingenix, a wholly-owned subsidiary of UnitedHealth Group
(NYSE:UNH), provides products and services to a diverse customer
base within the health care community. Organizations rely on its
innovative technology to improve the delivery and operations of
their business. More information about Ingenix and its products and
services can be obtained at http://www.ingenix.com/. About NWH,
Inc. and Electronic Network Systems, Inc. NWH, Inc., a holding and
strategic resource company, owns and operates Electronic Network
Systems, Inc. (ENS), which offers Internet and e-commerce
connectivity between thousands of health care providers such as
physicians, hospitals, clinics, practice management software
vendors and third-party commercial payers. More information about
ENS and its products and services can be obtained at
http://www.enshealth.com/. Safe Harbor Statement Certain statements
contained in this press release, including, without limitation,
statements containing the words "believes," "anticipates,"
"expects" and words of similar import, constitute "forward-looking
statements" as defined in the Private Securities Litigation Reform
Act of 1995 or by the Securities and Exchange Commission in its
rules, regulations and releases, regarding NWH's financial and
business prospects and capital requirements. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or
achievements of NWH, or industry results, to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. These
risks and uncertainties include, but are not limited to: the fact
that completion of the merger is dependent upon, among other
things, receipt of stockholder approvals, the timing of which
cannot be predicted with precision and which may not be received at
all. A further list and description of some of these risks and
uncertainties can be found in NWH's reports filed with the
Securities and Exchange Commission from time to time, including
NWH's annual reports on Form 10-K, quarterly reports on Form 10-Q
and current reports on Form 8-K. Given these uncertainties, undue
reliance should not be placed on such forward-looking statements.
NWH disclaims any obligation to update any such factors or to
publicly announce the result of any revisions to any of the
forward-looking statements contained or incorporated by reference
herein to reflect future events or developments. Additional
information on these and other factors are contained in NWH's
reports filed with the Securities and Exchange Commission (SEC),
including NHW's Annual Report on Form 10-K as filed with the SEC on
December 30, 2005, copies of which are available at the website
maintained by the SEC at http://www.sec.gov/. NWH assumes no
obligation to update the forward-looking statements included in
this press release. Contacts: Investor Relations: Carl Nicola 212
582-1212 DATASOURCE: NWH, Inc. CONTACT: Investor Relations - Carl
Nicola, +1-212-582-1212, Web site: http://www.enshealth.com/
http://www.ingenix.com/
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