Does KKR own WebMD?

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

Who owns WebMD?

Internet Brands
WebMD/Parent organizations
WebMD is owned by El Segundo, California-based Internet Brands. It was acquired by Internet Brands-parent company KKR for $2.8 billion in 2017. The company said it has been investing in expanding its provider capabilities since.

When did Internet acquire WebMD?

July 24, 2017
On July 24, 2017, Internet Brands, Inc., a portfolio company of KKR , entered into a definitive agreement to acquire WebMD Health Corp. for approximately $2.5 billion.

Was WebMD sold?

In 2017, Internet Brands, a company owned by private equity firm Kohlberg Kravis Roberts (KKR) agreed to purchase WebMD Health Corporation for approximately $2.8 billion.

What happened WebMD stock?

WebMD Health Corp. wbmd announced an agreement Monday to be acquired by KKR & Co. LP’s Internet Brands in a deal valued at $2.8 billion. Under terms of the deal, WebMD shareholders will get $66.50 in cash for each share they own, a 20.5\% premium to Friday’s closing price of $55.19.

Is WebMD a private company?

Publicly traded New York-based WebMD, whose properties include the popular site Medscape.com, will convert into a private company after the deal is completed in the fourth quarter. The company effectively put itself up for sale on Feb. 16, when it said it would consider strategic alternatives for its future.

What is the purpose of WebMD?

Our mission is to bring you objective, trustworthy, and timely health information.

What happened to WebMD?

Rumors that WebMD was shopping around for a buyer are finally confirmed. WebMD Health Corp., operators of the popular WebMD website, is being acquired by Internet Brands, a portfolio company of KKR, for about $2.8 billion.

Who started WebMD?

Jeff Arnold
WebMD/Founders

Why is WebMD reliable?

When asked about how the site ensures independence, a WebMD spokesperson said, “The strict editorial practices we have in place ensure that the content we produce is unbiased, and the production of such content done so independent of third party control or influence.” They also keep editorial staff separate from …

Is WebMD credible?

WebMD offers credible and in-depth medical news, features, reference material, and online community programs. We are proud that others in the fields of media and health have recognized our efforts over the years.

How much will KKR pay for WebMD?

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.

What websites did KKR buy?

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.

Who bought out WebMD Health?

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.