Printer Friendly

WEBMD purchases "Physician's Online"; reports fourth quarter charges.

WebMD Corp. (Elmwood Park, NJ) has acquired the Internet portal resources of Physician's Online (Boca Raton, FL) from Andrx Corp. (Davies, FL) for $2 million in cash. The acquired property is a portal for physicians, providing professional communications, peer-to-peer discussions, medical information and related resources.

The acquired assets will be added to WebMD's Medscape Health Network, an online channel used by pharmaceutical and medical device companies as well as employers, health plans and others In healthcare to "educate and communicate with the nation's largest integrated community of online physicians and patients," WebMD said. In December, WebMd acquired Mediafax-EDI (Nashville, TN).

Also, the company said that results for fourth quarter 2003 will include approximately $3.5 million in expenses related to an investigation by the U.S. Attorney for South Carolina, $1.6 million on investments liquidated in order to fund the purchase of Media-fax, and a gain of $3.1 million on the sale of some real estate assets.
COPYRIGHT 2004 JK Publishing, Inc
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Comment:WEBMD purchases "Physician's Online"; reports fourth quarter charges.
Publication:Business Publisher
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 31, 2004
Words:159
Previous Article:Whitestone reports decrease in number, increase in value for 2003 deals.
Next Article:Cygnus Business Media (Westport, CT) will launch two new conferences/exhibitions.
Topics:


Related Articles
NEW TRANSACTION/INFORMATION PLAYER FOR MEDICAL INDUSTRY.
Laura Hyatt's Guide to Post-Acute Sites.
Physician Executives Straddle the Digital Divide.
Click here for Healthcare.
Medialogic sells Medscape assets to WebMD.
Internet health: students need to become well-informed consumers of online health resources. (The Online Edge).
Untangling the Web. (How to Find Useful Nutrition & Health Information On Line).
WebMD to acquire Mediafax-EDI: starts new online healthcare resource.
90,000 s/f relocation a healthy choice for firm.
eMedicine, Inc. & Conceptis Technologies acquired by WebMD.

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