WebMD Health Corp. has completed its merger with HLTH Corp. for $1.2 billion in stock.
The health information companies' shareholders approved the merger, which was announced in June. Outstanding shares of HLTH Corp. were converted to 0.4444 shares of WebMD common stock, the companies said in a news release. The combined entity will retain the name WebMD.
WebMD is based in New York and HLTH Corp. is based in Elmwood Park, N.J. Martin Wygod will serve as chairman of the board and Wayne Gattinella will serve as president and CEO of the combined company.