WebMD Health Corp., New York, agreed to buy Summex Health Management, Indianapolis, a developer of health risk-assessment and coaching programs for the Web and other formats, for $30 million in cash. The price could rise by an additional $10 million over two years if certain targets are reached. WebMD Health, a Web portal to healthcare information and a provider of online continuing-medical education, was spun off in 2005 from the former WebMD Corp., now renamed Emdeon Corp. Emdeon retains most of the company's outstanding stock. WebMD Health reported net income of $7.7 million on revenue of about $169 million in 2005. Privately held Summex broke even on estimated revenue of $6 million in 2005, according to WebMD Health. -- by Joseph Conn
WebMD to acquire wellness-information firm
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.