##### 



EXHIBIT 99.1
 Consolidated Financial
    Statements




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##### 



EBS
    Master LLC
  Consolidated
    Financial Statements
  Year
    Ended December 31, 2007 and
    Period From November 16, 2006 to December 31,
    2006
  Contents
  Report of Independent Auditors


2Consolidated Financial StatementsConsolidated Balance Sheets


3Consolidated Statements of Operations


4Consolidated Statements of Members Equity


5Consolidated Statements of Cash Flows


6Notes to Consolidated Financial Statements


7Schedule II. Valuation and Qualifying Accounts


22  1




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##### 



REPORT OF
    INDEPENDENT AUDITORS

The Members

EBS Master LLC



We have audited the accompanying consolidated balance sheets of
    EBS Master LLC (the Company) as of December 31, 2007 and
    2006, and the related consolidated statements of operations,
    members equity, and cash flows for the year ended
    December 31, 2007 and for the period from November 16,
    2006 to December 31, 2006. Our audits also included the
    financial statement schedule on page 22. These financial
    statements and schedule are the responsibility of the
    Companys management. Our responsibility is to express an
    opinion on these financial statements and schedule based on our
    audits.



We conducted our audits in accordance with auditing standards
    generally accepted in the United States. Those standards require
    that we plan and perform the audit to obtain reasonable
    assurance about whether the financial statements are free of
    material misstatement. We were not engaged to perform an audit
    of the Companys internal control over financial reporting.
    Our audits included consideration of internal control over
    financial reporting as a basis for designing audit procedures
    that are appropriate in the circumstances, but not for the
    purpose of expressing an opinion on the effectiveness of the
    Companys internal control over financial reporting.
    Accordingly, we express no such opinion. An audit also includes
    examining, on a test basis, evidence supporting the amounts and
    disclosures in the financial statements, assessing the
    accounting principles used and significant estimates made by
    management, and evaluating the overall financial statement
    presentation. We believe that our audits provide a reasonable
    basis for our opinion.



In our opinion, the financial statements referred to above
    present fairly, in all material respects, the consolidated
    financial position of EBS Master LLC at December 31, 2007
    and 2006, and the consolidated results of its operations and its
    cash flows for the year ended December 31, 2007, and for
    the period from November 16, 2006 to December 31,
    2006, in conformity with U.S. generally accepted accounting
    principles. Also, in our opinion, the related financial
    statement schedule, when considered in relation to the basic
    financial statements taken as a whole, presents fairly in all
    material respects the information set forth therein.



/s/ Ernst & Young LLP



Nashville, Tennessee
    February 14, 2008

2




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##### 



EBS
    MASTER LLC
 CONSOLIDATED
    BALANCE SHEETS
    (In thousands)  December 312007


2006ASSETSCurrent assets:Cash and cash equivalents

$
29,583


$
28,966Accounts receivable, net of allowance for doubtful accounts of
    $3,626 and $3,849 at December 31, 2007 and 2006,
    respectively


123,088



121,073Deferred tax assets


649



2,480Prepaid expenses and other current assets


14,788



11,688Total current assets


168,108



164,207Property and equipment, net


56,595



51,940Goodwill


649,701



642,560Intangible assets, net


455,580



482,289Other assets, net


17,240



20,852TOTAL ASSETS

$
1,347,224


$
1,361,848LIABILITIES AND MEMBERS EQUITYCurrent liabilities:Accounts payable

$
5,867


$
2,741Accrued expenses


74,439



70,542Due to HLTH Corporation


797



30,714Deferred revenues


16,054



14,290Current portion of long-term debt


7,247



7,550Total current liabilities


104,404



125,837Long-term debt excluding current portion


880,203



917,450Deferred tax liabilities


42,147



41,083Other long-term liabilities


17,870



1,002Commitments and contingenciesMembers equity


302,600



276,476TOTAL LIABILITIES AND MEMBERS EQUITY

$
1,347,224


$
1,361,848    3




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##### 



EBS
    MASTER LLC
 CONSOLIDATED
    STATEMENTS OF OPERATIONS
    (In thousands)  Period FromNovember 16,Year Ended


2006 toDecember 31,


December 31,2007


2006Revenue

$
808,537


$
87,903Costs and expenses:Cost of operations


517,884



56,775Development and engineering


21,925



2,297Sales, marketing, general and administrative


94,342



13,100Depreciation and amortization


62,811



7,127Interest income


(1,567
)


(139
)Interest expense


74,940



10,173Income (loss) before income tax provision


38,202



(1,430
)Income tax (provision) benefit


(3,709
)


232Net income (loss)

$
34,493


$
(1,198
)    4




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##### 



EBS
    MASTER LLC
 CONSOLIDATED
    STATEMENTS OF MEMBERS EQUITY
    (In thousands)  Opening balance November 16, 2006

$
Initial capital contribution, net of related costs


303,118Adjustment to reflect carryover basis of assets and liabilities
    of Emdeon Business Services


(25,754
)Contribution from HLTH Corporation for non-cash transfer of
    stock-based compensation expense


310Net loss


(1,198
)Balance at December 31, 2006


276,476Contribution from HLTH Corporation for non-cash transfer of
    stock-based compensation expense


2,107Contribution from HLTH Corporation for retention bonuses paid on
    behalf of the Company


3,388Equity-based compensation expense


1,398Net income


34,493Change in the fair value of interest rate swap, net of taxes


(15,262
)Other comprehensive income


19,231Balance at December 31, 2007

$
302,600    5




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##### 



EBS
    MASTER LLC
 CONSOLIDATED
    STATEMENTS OF CASH FLOWS
    (In thousands)  Period FromNovember 16,Year Ended


2006 toDecember 31,


December 31,2007


2006Operating activitiesNet income (loss)

$
34,493


$
(1,198
)Adjustments to reconcile net loss to net cash provided by
    operating activities:Depreciation and amortization


62,811



7,127Equity and stock-based compensation expense


3,505



310Deferred income tax expense


(342
)


(232
)Amortization of debt issuance costs


3,005



345Loss on disposal of fixed assets


11



Changes in operating assets and liabilities:Accounts receivable


354



4,796Prepaid expenses and other


(2,469
)


(3,845
)Accounts payable


3,127



(627
)Accrued expenses


(1,480
)


5,089Due to HLTH Corporation


(29,926
)


10,014Deferred revenues


1,696



(944
)Net cash provided by operating activities


74,785



20,835Investing activitiesPurchases of property and equipment


(28,180
)


(2,606
)Payments for businesses purchased (IXT Solutions, Inc. and other)


(11,326
)


Purchase of Emdeon Business Services, net of cash acquired






(1,197,774
)Net cash used in investing activities


(39,506
)


(1,200,380
)Financing activitiesCapital contribution, net of related costs


3,388



303,118Debt principal payments


(37,550
)


Payment of debt issuance costs


(500
)


(19,607
)Proceeds from draw on revolver


10,000



Payment on revolver draw


(10,000
)Proceeds from issuance of long-term debt






925,000Net cash (used in) provided by financing activities


(34,662
)


1,208,511Net increase in cash and cash equivalents


617



28,966Cash and cash equivalents at beginning of period


28,966



Cash and cash equivalents at end of period

$
29,583


$
28,966Supplemental disclosures of cash flow informationCash paid during the period for interest

$
72,012


$
9,148Cash paid for income taxes

$
2,206


$
    6




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##### 



EBS
    MASTER LLC
  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
  December 31, 2007 and 2006
 (In Thousands, Except Share, Per Share and Per Unit
    Amounts)
  1.
    Background      2.
    Summary
    of Significant Accounting Policies  Principles
    of Consolidation
    Accounting
    Estimates
   7




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##### 



EBS
    MASTER LLC
  NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
  Cash and
    Cash Equivalents
    Allowance
    for Doubtful Accounts
    Inventory
  first-in,
  Software
    Development Costs
  No. 98-1, Accounting for the Costs of Computer Software Developed or
    Obtained for Internal Use (SOP 98-1). SOP 98-1
  Long-Lived
    Assets
  Property
    and Equipment
    Computer equipment

3 to 5 yearsOffice equipment, furniture and fixtures

3 to 7 yearsSoftware

3 yearsLeasehold improvements

Shorter of useful life or lease term     Goodwill
    and Intangible Assets
    Customer relationships

10 to 18 yearsTechnology

6 to 7 yearsTrade names

7 yearsNon-compete agreements

1 to 5 years  8




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##### 



EBS
    MASTER LLC
  NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
  Recoverability
  Goodwill and Other
    Intangible Assets
  Accounting for the
    Impairment or Disposal of Long-Lived Assets,
  Deferred
    Charges
    Derivative
  Accounting for Derivative
    Instruments and Hedging Activities
  Revenue
    Recognition
     9




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##### 



EBS
    MASTER LLC
  NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
      Concentration
    of Credit Risk
      Recent
    Accounting Pronouncements
  Business Combinations
  Fair Value Measurement,
  The Fair Value Option for Financial
    Assets and Financial Liabilities  Including an
    Amendment of FASB Statement No. 115 Accounting for Certain Investments in
    Debt and Equity Securities available-for-sale
  Noncontrolling Interests in Consolidated Financial
    Statements  An Amendment of ARB No. 51 Consolidated
    Financial Statements
 10




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##### 



EBS
    MASTER LLC
  NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    Earnings per Share
  3.
    Business
    Combinations    Business Combinations
 11




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##### 



EBS
    MASTER LLC
  NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    GA Capital











OpeningContribution


Emdeon


Cash Payment


Purchase


Balances as ofand Bank


Business


to HLTH


Accounting


November 16,Debt


Services(a)


Corporation


Adjustments


2006Cash and cash equivalents

$
1,208,511


$
10,737


$
(1,208,511
)

$



$
10,737Accounts receivable






125,870











125,870Other assets


19,607



9,448







(457
)


28,598Property and equipment






49,199











49,199Goodwill






666,456







(23,661
)


642,795Intangible assets






105,840







381,451



487,291Total assets

$
1,228,118


$
967,550


$
(1,208,511
)

$
357,333


$
1,344,490Accounts payable, accrued expenses and other liabilities

$



$
78,484


$



$
(406
)

$
78,078Due to HLTH Corporation














10,700



10,700Deferred revenues






21,201







(5,968
)


15,233Deferred taxes, net














38,115



38,115Debt


925,000















925,000Members equity


303,118



867,865



(1,208,511
)


314,892



277,364Total liabilities and members equity

$
1,228,118


$
967,550


$
(1,208,511
)

$
357,333


$
1,344,490     (a)
    
    Reflects historical balances of
    Emdeon Business Services adjusted to exclude certain assets and
    liabilities (principally tax related) not acquired.  2007
    Acquisition
     12




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##### 



EBS
    MASTER LLC
  NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    Current assets

$
2,500Property and equipment


984Other assets


5Identifiable intangible assets:Customer contracts


9,690Internally-developed software


2,170Non-compete agreements


600Goodwill


6,906Current liabilities


(2,053
)Deferred tax liability


(5,273
)Long-term liabilities


(176
)Total preliminary purchase price

$
15,353     Cash payment





$
10,688Transaction fees






165Earnout accrual






4,500Total preliminary purchase price





$
15,353   4.
    Long-Lived
    Assets  Property
    and Equipment
    2007


2006Computer equipment

$
29,276


$
14,262Office equipment, furniture and fixtures


15,264



14,515Software


26,144



13,521Leasehold improvements


6,871



1,853Construction in process


4,807



9,91482,362



54,065Less accumulated depreciation


(25,767
)


(2,125
)Property and equipment, net

$
56,595


$
51,940    13




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EBS
    MASTER LLC
  NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
  Goodwill
    and Intangible Assets
    GrossCarrying


AccumulatedAmount


Amortization


NetCustomer relationships

$
399,934


$
(25,404
)

$
374,530Technology


69,510



(12,544
)


56,966Trade names


26,000



(4,148
)


21,852Non-compete agreements


4,307



(2,075
)


2,232Total

$
499,751


$
(44,171
)

$
455,580     Years Ending December
    31,2008

$
40,5722009


38,8962010


38,8962011


38,8862012


37,573Thereafter


260,757   5.
    Accrued
    Expenses    2007


2006Customer deposits

$
25,551


$
23,660Accrued compensation


15,350



16,228Accrued insurance


2,721



2,127Accrued rebates


4,907



5,966Accrued outside services


4,224



1,127Accrued telecommunications


3,744



4,141Accrued income, sales and other taxes


1,347



2,175Accrued estimated earnout


4,500



Other accrued liabilities


12,095



15,118$
74,439


$
70,542   6.
    Long-Term
    Debt   14




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EBS
    MASTER LLC
  NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
                Years Ending December
    31,2008

$
7,2472009


7,2472010


7,2472011


7,2472012


7,247Thereafter


851,215$
887,450   7.
    Interest
    Rate Swap   15




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##### 



EBS
    MASTER LLC
  NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    8.
    Fair
    Value of Financial Instruments    Carrying Amount


Fair ValueCash and cash equivalents

$
29,583


$
29,583Accounts receivable


123,088



123,088Long-term debt


(887,450
)


(844,353
)Interest rate swap


(16,577
)


(16,577
)     9.
    Lease
    Commitments    Operating
    Leases
    Years Ending
    December 31,2008

$
7,4842009


6,2052010


5,8272011


2,3522012


1,935Thereafter


3,519Total minimum lease payments

$
27,322    16




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EBS
    MASTER LLC
  NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
  10.
    Commitments
    and Contingencies  Legal
    Proceedings
    EBS
    Incentive Plan
      11.
    HLTH
    Stock-Based Compensation Plans    Stock
    Options
    Restricted
    Stock
   17




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##### 



EBS
    MASTER LLC
  NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
      12.
    Equity-Based
    Compensation Plan          Expected term


2.25 yearsExpected volatility


49
%Expected dividends


Risk free rate


4.75
%    18




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EBS
    MASTER LLC
  NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
  13.
    Retirement
    Plans      14.
    Income
    Taxes    2007


2006Deferred tax assets and (liabilities):Depreciation and amortization

$
(45,744
)

$
(44,185
)Accounts receivable


2,604



941Accruals and reserves


1,441



1,539Net operating losses


572



2,399Stock-based compensation






486Valuation allowance


(371
)


Other






217Net deferred tax assets and (liabilities)

$
(41,498
)

$
(38,603
)Reported as:Current deferred tax assets and (liabilities)

$
649


$
2,480Non-current deferred tax assets and (liabilities)


(42,147
)


(41,083
)Net deferred tax assets and (liabilities)

$
(41,498
)

$
(38,603
)     Deferred tax benefit

$
342Deferred tax liability acquired during the year


(5,273
)Change in deferred tax assets and (liabilities) recorded in
    other comprehensive income


1,315Purchase accounting adjustments


721Change in deferred tax assets and (liabilities)

$
(2,895
)  19




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##### 



EBS
    MASTER LLC
  NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    2007


2006Current:Federal

$
3,299


$
State


752



Current income tax provision


4,051



Deferred:Federal


(280
)


(208
)State


(62
)


(24
)Deferred income tax provision


(342
)


(232
)Total income tax provision

$
3,709


$
(232
)         Accounting for Uncertainty in Income Taxes Accounting for Income Taxes
  15.
    Related-Party
    Transactions     20




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EBS
    MASTER LLC
  NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
              16.
    Subsequent
    Events   21




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Schedule II.
    Valuation and Qualifying Accounts
  For The Year Ended December 31,2007 and the Forty-Three Day Period Ended December 31,
    2006Balance at


Charged toBeginning


Costs and








Balance atof Period


Expenses


Acquired


Write-offs


End of PeriodJanuary 1, 2007 to December 31, 2007Allowance for Doubtful Accounts

$
3,848,685


$
726,653


$
30,000


$
(979,724
)

$
3,625,614November 16, 2006 to December 31, 2006Allowance for Doubtful Accounts


3,516,336



332,349











3,848,685  22