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Filed by: Healtheon/WebMD Corporation
Pursuant to Rule 425 under the Securities Act of 1933
Subject Company: Medical Manager Corporation
Commission File No.: 000-17822
THIS COMMUNICATION IS FILED PURSUANT TO RULES 165 AND 425 PROMULGATED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED. INVESTORS ARE URGED TO READ THE VARIOUS
FILINGS OF HEALTHEON/WEBMD CORPORATION AND MEDICAL MANAGER CORPORATION WITH THE
SECURITIES AND EXCHANGE COMMISSION, INCLUDING THE PROXY STATEMENT/REGISTRATION
STATEMENT THAT IS REQUIRED TO BE FILED WITH RESPECT TO THE TRANSACTION DESCRIBED
BELOW PRIOR TO THE VOTE OF THE SHAREHOLDERS OF MEDICAL MANAGER CORPORATION AND
HEALTHEON/WEBMD CORPORATION WITH RESPECT TO THE MERGER.
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FOR IMMEDIATE RELEASE
Healtheon/WebMD MedicalManager/CareInsite
Investor Relations: Investor Relations/Media:
Lew Belote Risa Fisher
404 495 7602 201/703-3400
[email protected] [email protected]
Media Relations:
Jennifer Meyer
212-880-5253
[email protected]
HEALTHEON/WEBMD, MEDICAL MANAGER, AND CAREINSITE
RECEIVE REQUESTS FOR ADDITIONAL INFORMATION ON
PROPOSED AGREEMENT
ATLANTA and Elmwood Park, NJ. - May 31, 2000 - Healtheon/WebMD Corp.
(NASDAQ:HLTH), Medical Manager Corporation (NASDAQ:MMGR), and its publicly
traded subsidiary, CareInsite Inc. (NASDAQ: CARI) today announced that they had
each received a regulatory request for additional information in connection with
their application for Hart-Scott-Rodino clearance of the proposed agreement for
Healtheon/WebMD to acquire Medical Manager and CareInsite, which was announced
on February 14, 2000.
The requests extend the waiting period for Hart-Scott-Rodino clearance, during
which Healtheon/WebMD, Medical Manager, and CareInsite cannot close the
transaction, until 20 days following substantial compliance by the parties with
the regulatory request.
ABOUT HEALTHEON/WEBMD
Healtheon/WebMD (Nasdaq: HLTH) is the first end-to-end Internet healthcare
company connecting physicians and consumers to the entire healthcare industry.
Healtheon/WebMD is using the Internet to facilitate a new system for the
delivery of healthcare, resulting in a single, secure environment for all
communications and transactions that will enable a more efficient and cost
effective healthcare system. Healtheon/WebMD has its corporate headquarters in
Atlanta, GA and its technology headquarters in Santa Clara, CA. For more
information, visit http://www.webmd.com.
ABOUT MEDICAL MANAGER CORPORATION
Medical Manager Corporation operates three lines of business. Medical Manager
Health Systems is a leading provider of physician practice management systems.
Porex Corporation is a leader in the development, manufacturing and distribution
of porous and solid plastic products. CareInsite, Inc., provides innovative
healthcare network and
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clinical communications services that leverage Internet technology to enable the
confidential exchange of clinical, administrative and financial information
among physicians and their patients, and affiliated health plans, providers and
suppliers.
ABOUT CAREINSITE, INC.
CareInsite, Inc. provides innovative healthcare network and clinical
communications services that leverage Internet technology to enable the
confidential exchange of clinical, administrative and financial information
among physicians and their patients, and affiliated health plans, providers and
suppliers. The Company's services are designed to improve the quality of patient
care and reduce the administrative and clinical costs of healthcare. CareInsite
is a 68% owned subsidiary of Medical Manager Corporation.
For more information, visit www.webmd.com, www.medicalmanager.com,
www.careinsite.com.
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Other than historical information set forth herein, this announcement contains
forward-looking statements that involve risks and uncertainties, including those
relating to the ability of Healtheon/WebMD, Medical Manager Corp. and
CareInsite's services to improve healthcare, decrease clinical and
administrative costs and inefficiencies and accelerate physician adoption.
Actual results could be materially different from those discussed in this
announcement. Factors that could cause actual results to differ include, among
others: the companies' limited operating history, continued growth in the use of
the Internet, and acceptance of the Internet as a secure medium over which to
conduct transactions. Additional risks associated with the companies' businesses
can be found in the companies' periodic filings with the SEC.
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