WEBMD purchases "Physician's Online"; reports fourth quarter charges.
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.
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|Comment:||WEBMD purchases "Physician's Online"; reports fourth quarter charges.|
|Article Type:||Brief Article|
|Date:||Jan 31, 2004|
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