NEW TRANSACTION/INFORMATION PLAYER FOR MEDICAL INDUSTRY.Closely following Healtheon/WebMD Corp.'s purchase of CareInsite Inc. and consumer health information site OnHealth, and its intention to create an Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the transaction/information company, MediaLogic Inc. (Hillsboro Hillsboro, city (1990 pop. 37,520), seat of Washington co., NW Oreg., in the Tualatin valley; inc. 1876. Integrated circuits, other high-tech products, furniture, plastics, and medical equipment are manufactured in this growing city in Oregon's "Sunset Corridor. , OR), a provider of online medical records systems, has acquired medical information provider Medscape Inc. (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) for $710.6 million in stock. Medscape shareholders will receive 0.323 MediaLogic shares for each share of Medscape. Medscape supplies online content for physicians and consumers and claims to have 1.7 million registered users, although a breakdown of professionals and consumer users was not given. The company operates a Web site for physicians and CBSHealthwatch.com for consumers in partnership with CBS (Cell Broadcast Service) See cell broadcast. Corp. Media-Logic produces medical records tracking software and is in the process of transferring all operations to the Internet. With the purchase, MediaLogic said it hopes to be able to offer physicians access to both medical records and specific medical information related to those records. Consumers will be able to access editorial content and their records, order prescriptions and interact with their doctors. MediaLogic also acquired Total eMed (Nashville, TN), a company that provides transcription transcription /trans·crip·tion/ (-krip´shun) the synthesis of RNA using a DNA template catalyzed by RNA polymerase; the base sequences of the RNA and DNA are complementary. tran·scrip·tion n. services accessible via the Web. The new, combined company will be called MediaLogic/Medscape and will operate as three separate divisions. |
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