Printer Friendly

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 transaction/information company, MediaLogic Inc. (Hillsboro, OR), a provider of online medical records systems, has acquired medical information provider Medscape Inc. (New York) 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 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 services accessible via the Web. The new, combined company will be called MediaLogic/Medscape and will operate as three separate divisions.
COPYRIGHT 2000 JK Publishing, Inc
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Comment:NEW TRANSACTION/INFORMATION PLAYER FOR MEDICAL INDUSTRY.
Publication:Business Publisher
Geographic Code:1USA
Date:Feb 29, 2000
Words:206
Previous Article:DOLAN MEDIA CO. COMPLETE TWO ACQUISITIONS.
Next Article:THREE NEW JOURNALS LAUNCHED BY KLUWER LAW PUBLISHING.
Topics:


Related Articles
Medibuy.com Allies With Physician Internet Portal Physiciansite.com.
Oak Tree Medical Systems Enters Phase I of E-Commerce Strategy.
Medical Mutual of Ohio to Join CareInsite's Healthcare Network; Ohio Physicians and Patients to Benefit From Comprehensive Suite of Online Services.
Transportation eMarketplaces Are Revving Up.
HEALTH CARE BEHEMOTHS TO MERGE : FIRM TO BECOME 4TH-LARGEST IN U.S.
CBRE, its banking arm team up for new deal.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters