WebMD Health Corp., an Internet Brands company and a leader in health information services for physicians, other healthcare professionals and consumers, has announced that it has entered into an agreement to acquire coliquio, a German-based information and education platform for healthcare professionals.
The acquisition combines the core competencies of coliquio, a leading digital medical information company for German-speaking physicians with that of Medscape, WebMD's flagship brand for healthcare professionals.
The addition of coliquio will build on Medscape's global source of clinical news, health information, education and point-of-care tools worldwide. Medscape and its affiliate network of platforms currently reach over 5 million physicians worldwide of which over 4 million physicians are outside the US.
coliquio's telemedicine and doctor-patient offering medflex is not part of the transaction and will remain an independent entity operated by Germany-based medflex GmbH.
The closing of the acquisition is subject to regulatory and other approvals, which are expected to be received by the end of 2020. Following closing, coliquio, with offices in Konstanz and Munich, will continue to operate as an independent subsidiary of Medscape as the companies build on and integrate products, platforms, and services. The terms of the acquisition are not being disclosed.
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