WebMD (New York) has entered into an agreement to acquire Summex Corp. (Indianapolis, IN), a provider of health and wellness programs that include online and offline health risk assessments, lifestyle education and telephonic health coaching, for $30 million in cash with an additional $10 million to be paid over a two year period contingent on performance goals.WebMD WebMD is a medical and wellness information service, primarily known for its public internet site, which provides health information, a symptom checklist, pharmacy information, a place to store personal medical information, and an online community with over 140 moderated expert-led (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 ) has entered into an agreement to acquire Summex Corp. (Indianapolis, IN), a provider of health and wellness programs that include online and offline health risk assessments, lifestyle education and telephonic health coaching, for $30 million in cash with an additional $10 million to be paid over a two year period contingent on Adj. 1. contingent on - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent upon, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent performance goals. Established in 1993, Summex helps corporations and health plans reduce costs, decrease absenteeism ab·sen·tee·ism n. 1. Habitual failure to appear, especially for work or other regular duty. 2. The rate of occurrence of habitual absence from work or duty. and improve the overall health of employees and plan members. |
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