8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

September 18, 2007
Date of Report (Date of earliest event reported)

HLTH CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	0-24975	94-3236644
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

669 River Drive, Center 2
Elmwood Park, New Jersey 07407-1361
(Address of principal executive offices, including zip code)

(201) 703-3400
(Registrant’s telephone number, including area code)

(Former name or address, if changed since last report)

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

     o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

     At the 2007 Annual Meeting of Stockholders of WebMD Health Corp. (which we refer to as WHC) held on September 18, 2007, stockholders of WHC approved an amendment to WHC’s 2005 Long-Term Incentive Plan (which we refer to as the WHC 2005 Plan). The amendment increased the number of shares of WHC Class A Common Stock issuable under the WHC 2005 Plan by 1,850,000 shares, to a total of 9,000,000 shares. The Registrant owns approximately 84% of the outstanding common stock of WHC. On August 14, 2007, WHC filed a Proxy Statement relating to its 2007 Annual Meeting. To the extent required by Item 5.02 of Form 8-K, the disclosures regarding the WHC 2005 Plan and the amendment in “Proposal 2” in that Proxy Statement and the copy the 2005 Plan attached as Annex E to that Proxy Statement are incorporated by reference herein pursuant to General Instruction B.3 of Form 8-K.

Item 8.01. Other Events

     On September 18, 2007, the Registrant issued a press release regarding the selection of ViPS, a subsidiary of the Registrant, as an information technology partner by the Centers for Medicare and Medicaid Services (CMS) in its new contracting vehicle named Enterprise Systems Development, or ESD. A copy of the press release is attached to this Current Report as Exhibit 99.1 and is incorporated by reference in this Item 8.01.

Item 9.01. Financial Statements and Exhibits

     (d) Exhibits

          The following exhibit is filed herewith:

Exhibit
Number	Description
99.1	Press Release, dated September 18, 2007, announcing award to ViPS of Enterprise Systems Development Contract by the Centers for Medicare and Medicaid Services

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SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	HLTH CORPORATION
Dated: September 20, 2007	By:	/s/ Lewis H. Leicher
		Lewis H. Leicher
		Senior Vice President

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EXHIBIT INDEX

Exhibit
Number	Description
99.1	Press Release, dated September 18, 2007, announcing award to ViPS of Enterprise Systems Development Contract by the Centers for Medicare and Medicaid Services

EX-99.1

EXHIBIT 99.1

HLTH Contacts:
Investors:	Media:
Risa Fisher rfisher@hlth.com 201-414-2002	Jennifer Newman jnewman@hlth.com 212-624-3912

VIPS AWARDED ENTERPRISE SYSTEMS DEVELOPMENT (ESD) CONTRACT BY CMS

ESD Contract Vehicle makes ViPS Member of Select Group of Companies Permitted to Bid as Prime
Contractor on IT Development Work For CMS Over The Next 10 Years

Maximum of $4 Billion in Contract Value to be Awarded under ESD

ELMWOOD PARK, NJ (September 18, 2007) — HLTH Corporation’s (NASDAQ: HLTH) ViPS subsidiary today announced that ViPS has been selected as an information technology partner by the Centers for Medicare and Medicaid Services (CMS) in its new contracting vehicle named Enterprise Systems Development, or ESD. CMS is expected to procure a majority of their information technology development work for the next ten years under this new contract. CMS set a maximum ceiling of $4 billion on the value of contracts to be awarded under this vehicle. ViPS is one of 8 large business awardees.

The ESD contract is part of CMS’ vision to achieve a transformed and modernized healthcare system for its Medicare and Medicaid beneficiaries. CMS is faced with the challenge of responding to emerging healthcare IT trends, such as Federal Interoperability Standards, electronic and personal health records, transparency, new payment models, consumer-driven healthcare and regional and national health information networks.

The ESD partnering environment will focus on establishing and maintaining a collaborative business arrangement between CMS and its select partners, including ViPS, to advance performance, improve care quality and create value-driven, transparent healthcare in the United States.

“We are proud that CMS considers ViPS a partner who has long demonstrated a commitment to CMS and the public healthcare programs the agency administers,” stated Art Lehrer, President, ViPS. “We have a unique knowledge in the healthcare business and a strong reputation for delivering timely, high quality services. We are confident that we can provide the technical leadership to meet the demands of the future opportunities resulting from the ESD contract.”

About HLTH Corporation

HLTH Corporation’s (Nasdaq: HLTH) businesses are comprised of WebMD Health Corp. (Nasdaq: WBMD), ViPS and Porex. WebMD provides health information services for consumers, physicians, healthcare professionals, employers and health plans through its public and private online portals and health-focused publications. ViPS provides healthcare data management, analytics, decision- support and process automation solutions and related information technology services to governmental, Blue Cross Blue Shield and commercial healthcare payers. ViPS’ solutions and services help its clients improve patient outcomes, increase customer satisfaction

and reduce costs. Porex is a developer, manufacturer and distributor of proprietary porous plastic products and components used in healthcare, industrial and consumer applications. In addition, HLTH owns a 48% minority interest in Emdeon Business Services, which provides solutions that automate the revenue and payment cycle for healthcare payers and providers.

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All statements contained in this press release, other than statements of historical fact, are forward-looking statements, including those regarding: our expectations concerning market opportunities and our ability to capitalize on them; and the amount and timing of the benefits expected from the contractual relationship referred to in this press release and from other potential sources of additional revenue. These statements speak only as of the date of this press release and are based on our current plans and expectations, and they involve risks and uncertainties that could cause actual future events or results to be different than those described in or implied by such forward-looking statements. These risks and uncertainties include those relating to: governmental contracting relationships generally as well as those relating specifically to governmental contracting relationships for the types of services provided by ViPS; changes in economic, political or regulatory conditions or other trends affecting the healthcare, Internet, information technology and plastics industries; and our ability to attract and retain qualified personnel. Further information about these matters can be found in our Securities and Exchange Commission filings. Except as required by applicable law or regulation, we do not undertake any obligation to update our forward-looking statements to reflect future events or circumstances.