November 29, 2011
Early this morning, it was officially announced that Remedy Health Media, a New York-based health information company, acquired Arlington, Virginia-based startup HealthCentral, an online service that offers information, tools, and community access to both patients and caregivers alike. Terms of the deal were not disclosed.
The acquisition is now believed to give Remedy Health Medi, “the health information industry’s leading portfolio of digital, mobile, and point-of-care information and technology products,” according to Remedy CEO, Mike Cunnio. Because the online-based healthcare information is still in its early stages, this acquisition puts Remedy Health Media in a good position among its competitors.
With the acquisition, Remedy Health Media will now have access to more than 150 million consumers annually, 23 million unique visitors monthly, a 20 million member database, and over 600,000 physicians nationwide.
Earlier this year, HealthCentral CEO Chris Schroeder was part of a panel at Tech Cocktail’s Start Up Mixology Conference. Schroeder spoke on the topic of “The Realities of Funding.” His company had raised more than $50 million from such firms as Carlyle Group, IAC/InterActiveCorp, Polaris Venture Partners and Sequoia Capital. Allen & Co.
With news of the deal also comes the announcement that HealthCentral’s Vice President of PR, Marketing and Outreach, Lucie Leblois, is stepping down. “This experience has been an amazing ride, unpredictable, fun, innovative, challenging – but most of all – an experience that allowed me to truly help and have an impact on thousands of people over the years….I am leaving HealthCentral with a great team ready to take this to the next level.”
The deal is expected to close sometime later this week.
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