Friday, December 02, 2005
NEW YORK, December 2, 2005 -- Extending its leadership in mergers and acquisitions among online healthcare information providers, Berkery, Noyes & Co., LLC represented Conceptis Technologies Inc., and its flagship cardiology portal www.theheart.org, in its sale to WebMD Health.
Conceptis, based in Montreal, is a leading provider of online and offline medical education and promotion aimed at physicians and other healthcare professionals. The Company is best known for its pioneering, Internet-based “digital communities” that serve healthcare professionals in key medical specialties, including: theheart.org, jointandbone.org and thekidney.org. In addition to news and research, the communities provide continuing medical education (CME), physician education, research extracts, and online forums.
“Conceptis’ focus on cardiology, nephrology, and rheumatology, in combination with WebMD’s robust product offering, creates the number-one online destinations for physicians in these three medical specialties,” said Roger Simard, CEO of Conceptis. Berkery, Noyes & Co., LLC initiated the transaction on behalf of Conceptis Technologies, acted as its financial advisor, and represented it in negotiations with WebMD Health. WebMD Health paid US$19 million in an all cash transaction.
“Conceptis Technologies exemplifies the marriage of timely, comprehensive and credible medical content with a highly successful business model,” said Joseph W. Berkery, president of Berkery, Noyes & Co., LLC.
WebMD Health (NASDAQ: WBMD) is the leading provider of health information and services to consumers and healthcare professionals, offering online healthcare information, decision-support applications and communications services.
Berkery, Noyes & Co., LLC is the leading independent investment bank exclusively focused on the information and technology industry. The firm has closed 18 transactions year-to-date, aggregating nearly $2 billion in transaction value representing a wide spectrum of information and technology sectors, including enterprise application and infrastructure software, publishing, education, B2B media, healthcare, and scientific-technical-medical information.