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HLTH agrees to sell Porex unit for $74.5M

HLTH says it will sell Porex unit to private equity firm for $74.5 million

  • On 9:24 am EDT, Friday September 18, 2009

ELMWOOD PARK, N.J. (AP) -- HLTH Corp., which has a majority stake in health Web site WebMD.com, said Friday it agreed to sell its Porex unit, which makes plastic products, to a group led by a Los Angeles-based private equity firm for $74.5 million in cash.

The group led by the firm Aurora Capital Group will also assume $67.5 million in secured debt.

The deal is expected to close in the fourth quarter.

Porex develops, makes and distributes porous plastic products and components used by health care, industrial and consumer applications.

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