The private equity firm KKR & Co. is close to acquiring the healthcare media company WebMD, according to a report by Reuters, which cited unnamed people familiar with the matter. Reuters said the all-cash deal could be announced Monday. No dollar terms were disclosed.
KKR declined to comment on the report. WebMD has not yet responded to a USA TODAY request for comment.
The deal would presumably bring together the various WebMD websites (WebMD, Medscape.com and MedicineNet.com) with health sites under by another company owned by KKR, Internet Brands. Its portfolio includes DentalPlans.com and eHealth Forum.
WebMD carries a market cap of $2.1 billion, and as of June had nearly 72 million unique monthly users, placing it 36th among comScore’s rankings.
Sources told Reuters that WebMD has been soliciting bids from more than 100 companies and private equity firms over a five-month period.
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