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M&A Deal Summary

HLTH Acquires Greenberg News Networks

On July 1, 1999, HLTH acquired digital media company Greenberg News Networks for 215M USD

Acquisition Highlights
  • This is HLTH’s 1st transaction in the Digital Media sector.
  • This is HLTH’s 2nd largest (disclosed) transaction.
  • This is HLTH’s 2nd transaction in the United States.
  • This is HLTH’s 1st transaction in Georgia.

M&A Deal Summary
Date 1999-07-01
Target Greenberg News Networks
Sector Digital Media
Buyer(s) HLTH
Deal Type Add-on Acquisition
Deal Value 215M USD

Target

Greenberg News Networks

Atlanta, Georgia, United States
Greenberg News Networks, Inc. is an Internet-based medical news and information service. Medcast would significantly enhance the combined Healtheon/WebMD entity's array of physician and consumer content and services, with proprietary daily medical news, information and education services.

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Buyer(S) 1

Buyer

HLTH

Elmwood Park, New Jersey, United States
Category Company
Sector Information Services
DESCRIPTION

HLTH Corp. is a provider of health information services, serving consumers, physicians, healthcare professionals, employers and health plans through its public and private online portals and health-focused publications.

DEAL STATS #
Overall 2 of 12
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 2 of 10
State (Georgia) 1 of 1
Country (United States) 2 of 12
Year (1999) 2 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-21 MedE America

East Meadow, New York, United States

MedE America Corporation provides electronic data interchange products and services that allows hospitals, pharmacies, physicians, dentists, and other healthcare providers and provider groups to electronically edit, process, and transmit claims; eligibility and enrollment data; track claims submissions throughout the claims payment process; and obtain faster reimbursement for their services.

Buy $450M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-02-14 Medical Manager

Tampa, Florida, United States

Medical Manager Corp. is a provider of physician practice management IT systems.

Buy -
Mergr

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