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eHealth - Thursday, July 20, 2006

MedSite Sells For $40M, But It Is a Loss For Investors Who Put in $85M

medsite_logo.gif We have seen several M&A transactions recently in eHealth, but unfortunately most of them have been at a loss for the seller.

WebMD's $40M buy-out of Medsite may have been welcome news for management of both companies, but it is a loss nonetheless for Medsite investors who have put in $85M. Medsite's investors include Morgan Stanley Venture Partners, JP Morgan Partners, The Argentum Group, and others.

Medsite is an online pharmaceutical marketing and company. That means pharmacies pay it to promote their products online - it recently announced an editorial partnership with Yahoo! - and to reward physicians for using their drugs. About 60 pharmas work with Medsite and it claims a database of over 400K physician contacts.

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A MedSite Online Re-Education Tool For Physicians

View - WebMD Announces Acquisition of Medsite

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