Business
WebMD acquires Medsite
NEWS IN BRIEF — Posted Aug. 7, 2006
WebMD Health Corp. announced July 20 that it has agreed to acquire Medsite Inc., a provider of electronic detailing services to physicians, for $41 million in cash.
The acquisition is expected to close in the third quarter of 2006. WebMD said the deal would allow the company to provide its pharmaceutical and biotechnology customers with more ways to "complement their direct physician detailing efforts."
Note: This item originally appeared at http://www.ama-assn.org/amednews/2006/08/07/bibf0807.htm.