VerusMed, a medical information business unit of ConnectivHealth, Inc., US, has been sold to Intellerus, LLC, a private investment firm. Terms of the transaction were not disclosed. As part of the sale, about 12 employees have left the company to work for Intellerus.
ConnectivHealth is focusing on Heath Teacher, a K-12 health education programme for teachers. The company acquired the web-based product line in June 2007 as part of its purchase of Nashville-based Relegent. It plans to expand the Health Teacher line, possibly through acquisitions.
Following the latest deal, Roscoe Smith will become chairman and CEO of VerusMed, and June Manning will continue in her position as editor-in-chief. VerusMed, an evolution of Faxwatch, provides medical information to physicians, healthcare professionals, pharmaceutical and biotechnology executives.
