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Technology Stocks : Healtheon Corporation (HLTH) -- Ignore unavailable to you. Want to Upgrade?

To: Sam Sara who wrote (444)	2/14/2000 9:16:00 PM
From: Sam Sara	Respond to of 861

From StreetAdvisor: Healtheon/WebMD (Nasdaq: HLTH) continued on its march to take over the healthcare industry as it announced an agreement to acquire Medical Manager (Nasdaq: MMGR) and CareInsite (Nasdaq: CARI). Medical Manager is a provider of physician practice management systems, with an installed base of 33,000 sites representing approximately 185,000 physicians. CareInsite, which is 69% owned by Medical Manager, provides a system connecting physicians, payors and consumers via the Internet. Healtheon will pay 1.65 shares for each Medical Manager share and 1.3 shares for each CareInsite share not owned by Medical Manager. We believe three features of the acquisition significantly strengthen Healtheon?s position in the emerging e-health arena. First, acquires one of its significant competitors (CareInsite) in the business-to-business (B2B) connectivity space. Second, it adds approximately 185,000 physicians to its current base of 270,000. And third, the addition of Medical Manager?s installed software base should help to allay investors? concerns about the viability of Healtheon?s software. We believe the combination of Healtheon?s physician base, strong content, software capabilities and its first mover advantage in a huge market make it a good long-term holding for investors. The market opportunity for the combined companies is tremendous. The healthcare industry has been slow to adopt technological solutions to help eliminate the estimated $250bn-$300bn in annual unnecessary administrative and clinical expenditures, and only 10% of the 30bn annual healthcare transactions are electronic. Some of the services the combined companies will be able to provide consumers include the ability to schedule appointments, request prescription refills, obtain referrals, check insurance benefits and the status of claims, all using the Internet. We believe this is only the beginning for Healtheon. The company has a valuable currency and $1.5bn in cash to utilize for additional partnerships and acquisitions. For investors who believe in the need to streamline and reduce waste in the US healthcare industry, Healtheon/WebMD is the stock to own. streetadvisor.com