HealthGrades has acquired WrongDiagnosis.com from Adviware in a cash deal worth about $6.2 million.
The health information and community Web site will enhance HealthGrades goal of providing relevant, comprehensive medical information to consumers, the company said in a news release. In addition to WrongDiagnosis, the deal includes another site, CureResearch.com, certain intellectual property and other domains. Adviware owners will receive additional consideration if they exceed page view and revenue targets, and some Adviware principals will provide consulting to HealthGrades for up to two years.
Golden, Colo.-based HealthGrades is known for its healthcare ratings research but said it is supporting that research by growing its condition-specific information and community forums through acquisitions. The company released results of its 11th annual Hospital Quality in America Study, which showed that mortality rates have declined among Medicare patients, but wide gaps in quality of care still exist across the country.