Emdeon Continues Down Path Toward Going Public

Nashville-based Emdeon announced an initial public offering Tuesday after previously filing to take the company public nearly a year ago.

Emdeon offers payment and insurance claim services to hospitals, doctors and pharmacists. The revenue cycle manager is now owned by General Atlantic and Hellman & Friedman. The private equity group purchased the firm last year and expects to generate more than $300 million from the IPO. A public offering last fall was expected to bring in some $460 million.

If this deal goes through, Emdeon would be listed on the New York Stock Exchange.