K.K.R. to Buy WebMD and Take Majority Stake in Nature’s Bounty

K.K.R. to Buy WebMD and Take Majority Stake in Nature’s Bounty

K.K.R. to Buy WebMD and Take Majority Stake in Nature’s Bountybr “We look forward to delivering that resource to even more users, by leveraging our combined resourcesbr and presence in online health care to catalyze WebMD’s future growth.”br Under the terms of the deal announced on Monday, a subsidiary of Internet Brands will pay $66.50 a share in cash for WebMD, representing abr 30 percent premium to the company’s share price on Feb. 15, the day before the company announced it was exploring strategic alternatives.br By CHAD BRAYJULY 24, 2017br LONDON — The private equity giant Kohlberg Kravis Roberts has struck two deals focused on healthbr and wellness, agreeing to buy WebMD and taking a majority stake in the Nature’s Bounty Company.br Separately, Kohlberg Kravis Roberts said it would acquire a majority stake in Nature’sbr Bounty from private equity rival the Carlyle Group for an undisclosed amount.br “We believe that this transaction will provide additional flexibilitybr and resources to deliver increased value to consumers, health care professionals, employers and health plan participants,” Steven L. Zatz , the WebMD chief executive, said in a news releasebr “Since its founding, WebMD has established itself as a trusted resource for health information,”br Robert N. Brisco, the Internet Brands chief executive, said in a news release.


User: RisingWorld

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Uploaded: 2017-07-25

Duration: 02:13

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