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HARCOURT BUYS OUTSTANDING INTEREST IN MD CONSULT.

Harcourt, Inc. (Chestnut Hill, MA) has signed an agreement to acquire the 33% stake of MD Consult (St. Louis, MO) owned by Lippincott, Williams & Wilkins (Philadelphia, PA), a division of Wolters Kluwer. No Terms of the deal, which will make Harcourt the sole owner of MD Consult, were given.

MD Consult is a Web-based clinical information service that provides access to five million pages of clinical content, including full-text clinical content from a range of medical information sources. The company says it has over 120,000 physician and related healthcare professional subscribers. It claims to have site licenses with more than 350 health systems, hospitals and other health care organizations, as well as 70% of the nation's medical schools.

Users have access to over 50 major medical information sources, including such content providers as Medline, references, books and journals, all arranged by database, including "AIDS-link," "HealthStar," "CancerLink" and "Physician's GenRx." Subscribers also receive news and updates via a profiled news service.

MD Consult was launched in early 1995 as a partnership among Harcourt, Mosby-Year Book, then a division of Times Mirror, and Lippincott. Harcourt acquired Mosby, and its one-third share of MD Consult, in 1998.

Harcourt Scientific, Technical and Medical Group president Peter Hoenigsberg said that "we look forward to ambitiously investing in and growing the range of value-added services available through MD Consult." He said that Harcourt has embarked on "an ambitious program" to provide medical professionals with specialty-specific information services through the Web, "a logical extension of the valuable MD Consult franchise."

Wolters Kluwer said it decided to sell its interest in order to focus its resources on its Ovid Technologies' (New York) online health and science information services. As part of the sale, Ovid will gain electronic access to "key clinical publications and information" published by Harcourt.
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Comment:HARCOURT BUYS OUTSTANDING INTEREST IN MD CONSULT.
Publication:Business Publisher
Article Type:Brief Article
Geographic Code:1USA
Date:May 31, 2000
Words:300
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