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   Biotech / MedicalWebMD Health Corp


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To: tech101 who wrote (320)12/6/2001 1:23:39 PM
From: Michael Olds
   of 326
 
Thinking about future valuation.

Many of the old WebMD shareholders were ticked off when MW managed to bump up the conversion ratio of MMGR shares to WebMD shares in the merger. At that time I suggested that what had happened was a leveraged buy-out using the stock of the company being bought in place of cash. Since that time, in spite of the fact that the intent (and scope in time) was made absolutely clear by management, the paying down of that debt (by way of restructuring, and stock repurchasing) has met with an endless stream of complaints. Now that that debt has largely been paid off or brought to reasonable proportions, the stock reflects only the value of the end-product of that re-valuation. I think this mistakes the show for the magician and represents a real opportunity for value investors.

The sickness: Fear on the part of investors that growth by merger and acquisition will dilute shareholder value (based on past experience) and that therefore it will not be done.

The cure:

Those with experience with MW know him as the inventor of the use of stock as currency (well, OK, that goes too far, but certainly he is a master of the art). (Fitting in a way that he should find himself needing to repair what some might consider the far extreme into absurdity of that strategy). Now that HLTH is past the restructuring phase, I think it is fitting to look at the way this management grew Medco Containment Services as the asset that is not being factored into the stock price.

However costly it may have been for MMGR, what the merger managed to do was to eliminate even the appearance of competition in this field. In the dominant position I think it is more than probable that what we will see is the use of stock to consolidate the company's position throughout the country and that in such a way as to consistantly add to real per share earnings; in other words: the use of stock as currency the way it should be done. That is what was done with Medco, and that is what I believe we will see here. Those who are taking the current assets and their earning power and projecting stock price out six months, one, two years are looking in the wrong place. That is how we are where we are. Where we will be in six months is going to be determined by the pace and value of future mergers and acquisitions. My prediction is the pace will be as breathtaking as was the pace of the elimination of debt.

I'm not going to hedge this "take". I say we are dealing with a team of work-aholics and they have finished one thing (not the restructuring, that was the last thing, the setting rolling of earning's "traction" from the existing structure...that's done); they are already looking at the next thing.

My say!

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To: Keith Fauci who started this subject12/26/2001 10:21:41 AM
From: Michael Olds
   of 326
 
WebMD Acquires Medscape Portals to Create Largest Network of Online Medical Professionals and ConsumersIntegration of Assets to Strengthen WebMD's Offerings to Physicians, Consumers and Health Plans
PR NEWSWIRE - December 26, 2001 09:20
ELMWOOD PARK, N.J., Dec 26, 2001 /PRNewswire via COMTEX/ -- WebMD Corporation (Nasdaq: HLTH) today announced that the Company has acquired the portal assets of MedicaLogic/Medscape, Inc. (Nasdaq: MDLI), including the Medscape Medical Professional and Medscape Health for Consumers web sites, for $10 million in cash effective immediately. Medscape's Medical Professional portal will become the Company's online brand of information, research and educational services for physicians and allied medical professionals. WebMD Health(SM) will continue as the Company's brand of online information, community and services for consumers.

With the addition of the Medscape assets, the Company's newly expanded WebMD Medscape Health Network will reach more than 15 million cumulative monthly visitors, including approximately 575,000 members registered as physicians worldwide.

"This acquisition is a great opportunity to further strengthen our product offering for physicians and is in keeping with our goal of creating the leading communication channels connecting physicians and their patients with health plans, providers and suppliers," said Martin J. Wygod, Chairman of the Board and Chief Executive Officer of WebMD. "Although there are strategic synergies, we expect to incur certain costs and expenses related to the combination of the respective operations. The acquisition may impact our financial expectations by $1-2 million for each of the next two quarters as we complete the integration."

The Company plans to integrate the Medscape Medical Professional portal into its suite of professional products and services. The Medscape services will become part of the integrated portal offering of the Medical Manager(R), the leading brand of physician practice management software, used by more than 185,000 physicians, and into WebMD Envoy(R), the leading provider of electronic transaction services, used by more than 300,000 physicians.

"When consumers or medical professionals look for information online, they seek objective, credible and trustworthy sources for that information. The Medscape editorial team brings a longstanding track record for the highest quality medical journalism," said Roger C. Holstein, Chief Executive Officer, WebMD Health. "With unmatched brand awareness, distribution and utilization, the WebMD Medscape Health Network is now the most effective way, online or offline, to reach physicians in virtually every specialty, as well as healthcare involved consumers with specific diseases or conditions."

Both WebMD and Medscape are founding members of HI-Ethics, and WebMD was one of the first websites to receive the new URAC e-health accreditation. Going forward, WebMD is committed to continuing the standards of excellence in content delivery and information practices already in place.

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To: Keith Fauci who started this subject2/24/2002 11:09:09 AM
From: B.D.Bauden
   of 326
 
It is unfortunate that this board is so inactive. The Yahoo message board for HLTH has a lot of participation, but most of it comes from lunatics.

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To: B.D.Bauden who wrote (323)2/24/2002 11:56:12 AM
From: i-node
   of 326
 
The reason the yahoo boards are so busy is there is almost no substance in what is written over there; a total waste of time to read (and moreso to write).

If you come over here, you tend to see substance, but relatively few posts. That's not just for HLTH, but pretty much all the boards...

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From: Sr K2/21/2013 11:08:44 PM
   of 326
 
Oops.

6:04PM WebMD Health --CORRECTION-- WBMD misses Q4 EPS by 10 cents, beats on revs; guides Q1 revs above consensus; guides FY13 EPS in-line, revs above consensus ( WBMD) 16.30 -1.12 : Earlier we reported that co beat by 10 cents on the bottom line. However that was comparing the non-GAAP number to a GAAP EPS estimate. We have removed the 16:05 commetn and are providing this correction.

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From: Glenn Petersen7/24/2017 9:10:34 AM
1 Recommendation   of 326
 
KKR to buy WebMD in $2.8 billion deal
  • KKR announced plans to acquire WebMD Health in an all-cash deal valued at about $2.8 billion.
  • WebMD shareholders will receive $66.50 per share in cash.
  • Prior to the acquisition WebMD ran a five-month auction and solicited bids from more than 100 companies and private-equity firms.
Reuters
July 24, 2019



Andrew Harrer | Bloomberg | Getty Images
The WebMD application is demonstrated on an Apple Inc. iPad Air.
________________________________

Online health publisher WebMD Health said on Monday it agreed to be bought by private equity firm KKR in a deal valued at about $2.8 billion.

The deal brings together WebMD's websites, such as WebMD.com, Medscape.com and MedicineNet.com, and those owned by KKR unit Internet Brands Inc, including DentalPlans.com and AllAboutCounseling.com.

KKR will pay $66.50 per share, a premium of 20.5 percent to WebMD's Friday closing price. WebMD's shares were trading at $66 before the opening bell.

Reuters reported on Sunday that KKR was nearing a deal to buy the online health information provider.

Founded in 1996, WebMD has grown into one of the most popular health websites for consumers and medical professionals, attracting more than 70 million monthly unique visitors in 2016, according to analytics company comScore Inc.

WebMD also owns medical news and education brand Medscape, which accounted for around 60 percent of its advertising revenue in 2016.

The New York-based company said in February it would explore its options, after a slowdown in advertising paid for by pharmaceutical companies.

The deal, approved by the WebMD board, is expected to close in the fourth quarter of 2017.

J.P. Morgan Securities LLC is WebMD's financial adviser, while Shearman & Sterling LLP is its legal adviser.

Simpson Thacher & Bartlett LLP is Internet Brands' legal adviser.

cnbc.com

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