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This excerpt taken from the WBMD 10-K filed Mar 16, 2006. Recent
Public Portals Acquisitions
On December 2, 2005, we acquired the assets of and assumed
certain liabilities of Conceptis, a Montreal-based provider of
online and offline medical education and promotion aimed at
physicians and other healthcare professionals, for
$19.0 million in cash. Conceptis has developed a strong
online presence in the cardiology community primarily through
its flagship site, www.theheart.org. Through our
acquisition of Conceptis, we now have the capability to conduct
in-person CME and produce and capture live presentations and
panel discussions of CME. See “Publishing and Other
Services — Offline CME Services.” For
additional information about this acquisition, see Note 5
to the Consolidated Financial Statements included in this Annual
Report.
On January 17, 2006, we acquired eMedicine.com, Inc. (which
we refer to as eMedicine), an online publisher of medical
reference information for physicians and other healthcare
professionals, for $25.5 million in cash. Thousands of
physician authors and editors contribute to the eMedicine
Clinical Knowledge Base, which contains articles on 7,000
diseases and disorders. The evidence-based content, updated
regularly, provides the latest practice guidelines in 59 medical
specialties. eMedicine’s consumer site,
www.eMedicineHealth.com, contains articles written by
physicians for consumers.
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