HLTH Corporation (NDAQ: HLTH) shares jumped sharply after the company revised its tender offer to purchase shares. Under the revised terms, HLTH intends to commence a tender offer next week to purchase up to 80 million shares of its common stock at a price per share of $8.80. The number of shares to be purchased in the tender offer represents approximately 43% of HLTH's currently outstanding common shares. Still, shares remain at $8.10 per share in mid-day trading today.

Last quarter, HLTH Corporation reported revenues of $89.1 million, which is an increase of 15% over the prior year. Earnings before interest, taxes, non-cash and other items for the second quarter was $14.3 million, an increase of 66% over the prior year. Income from continued operations for the second quarter was $0.8 million, a loss from discontinued operations was $3.7 million and net loss was $2.9 million or $0.02 per share.

HLTH Corporation, formerly Emdeon Corporation, operates through its segments: WebMD and Porex. The Company's subsidiary WebMD Health Corp. (WHC), was formed to act as a holding company for the business of the Company's WebMD Segment. WebMD provides both public and private online portals. Porex develops, manufactures and distributes porous plastic products and components used in healthcare, industrial and consumer applications.