Private equity firm KKR & Co has agreed to buy WebMD Health Corp in a deal valued at about $2.8 billion, bringing a slew of popular online health information websites under one umbrella. 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. The deal comes five months after New York-based WebMD said it would explore strategic options amid a slowdown in advertising paid for by pharmaceutical companies. KKR will fold WebMD's websites, including WebMD.com and Medscape.com, ...
KKR to buy WebMD for $2.8 bn, bring slew of health sites under one umbrella
KKR will fold WebMD's websites, including WebMD.com and Medscape.com
Reuters Last Updated at July 25, 2017 01:38 IST