alarm:clock

Media - Monday, January 28, 2008

Report: Online/Offline's HealthCentral Network Raises $50M

Arlington, VA-based HealthCentral Network has raised $50M led by IAC with return backers Sequoia Capital, Carlyle Venture Partners and Polaris Venture Partners, reports PaidContent.

For a minority stake, this is an staggering valuation for a company that says it gets 7M unique visitors monthly (30M page views monthly).

HealthCentral was founded as Choice Media but changed its name to HealthCentral in 2006. It has a network of 30 sites on vertical health topics such Alzheimer’s, Cholesterol, Chronic Pain, Depression, Diabetes, Migraine, Sleep, etc. It also owns the DrKoop.com site as well as Healthsquare.com, www.drkoop.com, and Healthscout.com.

Growing interest in HealthCentral may be because it is the 2nd largest health business on the Web after WebMD and it is executing on a plan to move from the Web to also do TV. HealthCentral has launched a series of TV health specials, hosted by Dr. Dean Edell and now syndicated on over 70 TV stations including major market stations like WCBS-New York, KABC-Los Angeles, and WLS-Chicago) with a potential viewership of over 60M Households.

View - site