HLTH & WBMD Spread Idea

[jws43yale]

I was doing some research for my internship today and came across and interesting stock idea.

WebMD currently has a market cap of $2.9b, and yet its parent company HLTH Corporation only has a market cap of $2.5b. HLTH was several other holdings than WebMD and thus has nearly 4 times the revenue of WBMD and 3 times the EBITDA. I haven't been able to do enough research, but this seems like a potetntial opportunity for playing their spread by shorting WebMd and going long on HLTH. Any thoughts.