Why did KKR acquire WebMD
WebMD Health Corp. takes over coliquio
27.10.2020 – 11:00
WebMD Health Corp.
NEW YORK, Jan.
WebMD Health Corp., a leading company in the Internet Brands Group in the field of health information for doctors, medical professionals and consumers, announced today that it has entered into an agreement to acquire coliquio, a German-language information and learning platform for doctors.
The purchase combines the core competencies of coliquio, a leading digital information platform for German-speaking doctors, with Medscape, WebMD's brand flagship for medical professionals.
With the acquisition of coliquio, Medscape strengthens its global offering in the areas of scientific news, health information, medical training and practical tools. Medscape and its subsidiaries' platforms already reach more than 5 million physicians worldwide, including 4.2 million outside the United States.
"Our mission at coliquio is to help physicians make better medical decisions by networking them, offering high-quality training formats and providing direct access to world-leading experts. On this mission, we largely agree with Medscape, with combined forces we will be able to fulfill these even more energetically in the future ", says Martin Drees, founder and managing director of coliquio. "We are very much looking forward to working with the WebMD team. This is the best possible next step for our further growth."
"coliquio is an excellent addition to our global offering," said Jeremy Schneider, senior vice president and group general manager, WebMD Global. "Together we are able to bundle our strengths, to increase the reach and engagement with medical specialist groups and to increase the benefits for our customers through our first-class digital channels."
medflex, the telemedicine service from coliquio, is not part of the transaction and will continue its business as an independent company medflex GmbH.
The transaction is expected to close by the end of this year, subject to regulatory approval. Once this has been concluded, coliquio will continue to operate as an independent subsidiary of Medscape with offices in Constance and Munich and develop products, platform solutions and services. Details of the agreements will not be disclosed.
coliquio is a leading information platform for doctors in German-speaking countries. Doctors discuss patient cases, receive valuable, personalized information updates and can interact directly with the world's leading experts.
Medscape is a leading provider of scientific news, health information, and practice tools for medical professionals. Medscape provides medical specialists, general practitioners and other professionals with comprehensive medical information and educational content. Medscape Education (medscape.org) is a premier medical education resource, consisting of more than 30 subject-specific offerings with thousands of free CME and CE courses, as well as other education programs for doctors, nurses and other health professionals. Medscape is a subsidiary of WebMD Health Corp.
About WedMD Health Corp.
WebMD Health Corp., a company of the Internet Brands Group, is a leading provider of health information for patients, doctors, healthcare professionals, employers and health insurers on public and password-protected online portals, mobile platforms and health-related publications. The WebMD Health Network includes WebMD Health, Medscape, Jobson Healthcare Information, prIME Oncology, MediQuality, Frontline, Vitals Consumer Services, Aptus Health, MedicineNet, eMedicineHealth, RxList, OnHealth, Medscape Education and other WebMD sites. WebMD®, Medscape®, CME Circle®, Medpulse®, eMedicine®, MedicineNet®, theheart.org®, and RxList® are trademarks of WebMD Health Corp. or its subsidiaries.
About internet brands
Internet Brands® is a fully integrated online media and software services organization based in El Segundo, California that specializes in four high quality categories: Health, Automotive, Legal, and Home / Travel. The company's award-winning consumer websites are among the best in the industry and are visited by more than 250 million monthly visitors. At the same time, the company has built deep, long-term relationships with small and medium-sized companies and large corporations through its range of online offers. The powerful proprietary operating platform offers flexibility and scalability, fueling the company's continuous growth. Internet Brands is a portfolio company owned by KKR and Temasek. More information is available at www.internetbrands.com.
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Original content by: WebMD Health Corp., transmitted by news aktuell
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