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WBMD » Topics » We continue to be dependent on HLTH to provide us with services required by us for the operation of our businessThis excerpt taken from the WBMD 10-Q filed Aug 11, 2008. We
continue to be dependent on HLTH to provide us with services
required by us for the operation of our business
Some of the administrative services we require continue to be
provided to us by HLTH under a Services Agreement. Under the
Services Agreement, HLTH provides us with administrative
services, including services relating to payroll, accounting,
tax planning and compliance, employee benefit plans, legal
matters and information processing. As a result, we are
dependent on our relationship with HLTH for these important
services. We reimburse HLTH under
agreed-upon
formulas that allocate to us a portion of HLTH’s aggregate
costs related to those services. The Services Agreement is for a
term of up to five years from the date of our initial public
offering; however, we have the option to terminate these
services, in whole or in part, at any time we choose to do so,
generally by providing, with respect to specified services or
groups of services, 60 days’ notice and, in some
cases, paying a termination fee of not more than $30,000 to
cover the costs of HLTH relating to the termination.
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The costs we are charged under the Services Agreement are not
necessarily indicative of the costs that we would incur if we
had to provide the services on our own or contract for them with
third parties on a stand-alone basis. With respect to most of
the services provided under the Services Agreement, we believe
that it is likely that it would cost us more to provide them or
contract for them on our own because we benefit from economies
of scale.
This excerpt taken from the WBMD 10-Q filed May 12, 2008. We
continue to be dependent on HLTH to provide us with services
required by us for the operation of our business
Some of the administrative services we require continue to be
provided to us by HLTH under a Services Agreement. Under the
Services Agreement, HLTH provides us with administrative
services, including services relating to payroll, accounting,
tax planning and compliance, employee benefit plans, legal
matters and information processing. As a result, we are
dependent on our relationship with HLTH for these important
services. We reimburse HLTH under
agreed-upon
formulas that allocate to us a portion of HLTH’s aggregate
costs related to those services. The Services Agreement is for a
term of up to five years from the date of our initial public
offering; however, we have the option to terminate these
services, in whole or in part, at any time we choose to do so,
generally by providing, with respect to specified services or
groups of services, 60 days’ notice and, in some
cases, paying a termination fee of not more than $30,000 to
cover the costs of HLTH relating to the termination.
The costs we are charged under the Services Agreement are not
necessarily indicative of the costs that we would incur if we
had to provide the services on our own or contract for them with
third parties on a stand-alone basis. With respect to most of
the services provided under the Services Agreement, we believe
that it is likely that it would cost us more to provide them or
contract for them on our own because we benefit from economies
of scale.
These excerpts taken from the WBMD 10-K filed Feb 29, 2008. We
continue to be dependent on HLTH to provide us with services
required by us for the operation of our business
Some of the administrative services we require continue to be
provided to us by HLTH under a Services Agreement. Under the
Services Agreement, HLTH provides us with administrative
services, including services relating to payroll, accounting,
tax planning and compliance, employee benefit plans, legal
matters and information processing. As a result, we are
dependent on our relationship with HLTH for these important
services. We reimburse HLTH under
agreed-upon
formulas that allocate to us a portion of HLTH’s aggregate
costs related to those services. The Services Agreement is for a
term of up to five years from the date of our initial public
offering; however, we have the option to terminate these
services, in whole or in part, at any time we choose to do so,
generally by providing, with respect to specified services or
groups of services, 60 days’ notice and, in some
cases, paying a termination fee of not more than $30,000 to
cover the costs of HLTH relating to the termination.
The costs we are charged under the Services Agreement are not
necessarily indicative of the costs that we would incur if we
had to provide the services on our own or contract for them with
third parties on a stand-alone basis. With respect to most of
the services provided under the Services Agreement, we believe
that it is likely that it would cost us more to provide them or
contract for them on our own because we benefit from economies
of scale.
We continue to be dependent on HLTH to provide us with services required by us for the operation of our business Some of the administrative services we require continue to be provided to us by HLTH under a Services Agreement. Under the Services Agreement, HLTH provides us with administrative services, including services relating to payroll, accounting, tax planning and compliance, employee benefit plans, legal matters and information processing. As a result, we are dependent on our relationship with HLTH for these important services. We reimburse HLTH under agreed-upon formulas that allocate to us a portion of HLTH’s aggregate costs related to those services. The Services Agreement is for a term of up to five years from the date of our initial public offering; however, we have the option to terminate these services, in whole or in part, at any time we choose to do so, generally by providing, with respect to specified services or groups of services, 60 days’ notice and, in some cases, paying a termination fee of not more than $30,000 to cover the costs of HLTH relating to the termination. The costs we are charged under the Services Agreement are not necessarily indicative of the costs that we would incur if we had to provide the services on our own or contract for them with third parties on a stand-alone basis. With respect to most of the services provided under the Services Agreement, we believe that it is likely that it would cost us more to provide them or contract for them on our own because we benefit from economies of scale. This excerpt taken from the WBMD 10-Q filed Nov 9, 2007. We
continue to be dependent on HLTH to provide us with services
required by us for the operation of our business
Some of the administrative services we require continue to be
provided to us by HLTH under a Services Agreement. Under the
Services Agreement, HLTH provides us with administrative
services, including services relating to payroll, accounting,
tax planning and compliance, employee benefit plans, legal
matters and information processing. As a result, we are
dependent on our relationship with HLTH for these important
Table of Contents
services. We reimburse HLTH under
agreed-upon
formulas that allocate to us a portion of HLTH’s aggregate
costs related to those services. The Services Agreement is for a
term of up to five years; however, we have the option to
terminate these services, in whole or in part, at any time we
choose to do so, generally by providing, with respect to
specified services or groups of services, 60 days’
notice and, in some cases, paying a termination fee of not more
than $30,000 to cover the costs of HLTH relating to the
termination.
The costs we are charged under the Services Agreement are not
necessarily indicative of the costs that we would incur if we
had to provide the services on our own or contract for them with
third parties on a
stand-alone
basis. With respect to most of the services provided under the
Services Agreement, we believe that it is likely that it would
cost us more to provide them or contract for them on our own
because we benefit from economies of scale.
This excerpt taken from the WBMD 10-Q filed Aug 9, 2007. We
continue to be dependent on HLTH to provide us with services
required by us for the operation of our business
Some of the administrative services we require continue to be
provided to us by HLTH under a Services Agreement. Under the
Services Agreement, HLTH provides us with administrative
services, including services relating to payroll, accounting,
tax planning and compliance, employee benefit plans, legal
matters and information processing. As a result, we are
dependent on our relationship with HLTH for these important
services. We reimburse HLTH under
agreed-upon
formulas that allocate to us a portion of HLTH’s aggregate
costs related to those services. The Services Agreement is for a
term of up to five years; however, we have the option to
terminate these services, in whole or in part, at any time we
choose to do so, generally by providing, with respect to
specified services or groups of services, 60 days’
notice and, in some cases, paying a termination fee of not more
than $30,000 to cover the costs of HLTH relating to the
termination.
The costs we are charged under the Services Agreement are not
necessarily indicative of the costs that we would incur if we
had to provide the services on our own or contract for them with
third parties on a stand-alone basis. With respect to most of
the services provided under the Services Agreement, we believe
that it is likely that it would cost us more to provide them or
contract for them on our own because we benefit from economies
of scale.
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