Sell Side Advisor
Duff & Phelps, A Kroll Business, Advised The Wellness Network on Its Sale to WebMD Health Corp.
a portfolio company of
has been acquired by
In July 2021, WebMD Health Corp., an Internet Brands company and a leader in health information services for physicians, other healthcare professionals, and consumers, announced that it acquired The Wellness Network, a multiplatform company focused on point-of-care, video-based patient education for hospitals and health systems.
The Healthcare M&A practice of Duff & Phelps, A Kroll Business, served as the exclusive financial advisor to The Wellness Network in connection with the transaction.
“The Wellness Network shares a core mission with WebMD Provider Services to enable education to be integrated into patient workflow, enabling our customers to inform, educate and support patients and caregivers through the healthcare journey,” said Dave Ross, CEO of The Wellness Network. “WebMD’s extensive reach with health-seeking consumers and patients enables us to broaden our ability to deliver understandable and empowering content for the benefit of patients, hospitals and health systems.”
About The Wellness Network
With over 40 years of expertise in creation and distribution of evidence-based health, wellness, and patient education, The Wellness Network is a partner in providing relatable educational resources that can be used across the care continuum to improve health outcomes and drive healthier decisions. Our library of health education videos, HealthClips, covers thousands of topics in 24 therapeutic areas and is used with patients and caregivers in over 2000 hospitals and health systems. In addition, our content is incorporated into numerous patient engagement platforms. Stroock & Stroock & Lavan LLP served as legal counsel to The Wellness Network.
About WebMD Health Corp.
WebMD Health Corp., an Internet Brands Company, is the leading provider of health information services, serving patients, physicians, health care professionals, employers, and health plans through our public and private online portals, mobile platforms, and health-focused publications. The WebMD Health Network includes WebMD Health, Medscape, MedicineNet, eMedicineHealth, RxList, OnHealth, Medscape Education, and other owned WebMD sites. WebMD®, Medscape®, CME Circle®, Medpulse®, eMedicine®, MedicineNet®, theheart.org®, and RxList® are among the trademarks of WebMD Health Corp. or its subsidiaries.
About Internet Brands
Headquartered in El Segundo, Calif., Internet Brands® is a fully integrated online media and software services organization focused on four high-value vertical categories: Health, Automotive, Legal, and Home/Travel. The company’s award-winning consumer websites lead their categories and serve more than 250 million monthly visitors, while a full range of web presence offerings has established deep, long-term relationships with SMB and enterprise clients. Internet Brands’ powerful, proprietary operating platform provides the flexibility and scalability to fuel the company’s continued growth. Internet Brands is a portfolio company of KKR and Temasek.
Healthcare Investment Banking
Healthcare expertise for middle-market M&A transactions. In 2018, Duff & Phelps acquired Kroll and unified under the Kroll brand in 2020.
Mergers and Acquisitions (M&A) Advisory
Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage. Duff & Phelps acquired Kroll in 2018 and unified under the Kroll brand in 2020.
Transaction Advisory Services
Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum. Duff & Phelps acquired Kroll in 2018 and unified under the Kroll brand in 2020.
Fairness and Solvency Opinions
Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of U.S. and global fairness opinions over the past 10 years, according to Refinitiv cumulative data from 2013-2022.
Private Capital Markets – Debt Advisory
Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions. Duff & Phelps acquired Kroll in 2018 and unified under the Kroll brand in 2020.