Business
WebMD makes acquisition
NEWS IN BRIEF — Posted Nov. 20, 2006
WebMD Health Corp. announced Nov. 2 that it agreed to acquire Chicago-based health information company Subimo LLC for $60 million in cash and stock. The proposed acquisition, which is expected to close by Jan. 1, 2007, enables WebMD to expand its online health information services to health plans, large employers and financial institutions. It also will help WebMD to better address the emerging consumer-directed health plan market, the company said.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2006/11/20/bibf1120.htm.