KKR’s In­ter­net Brands buy­ing We­bMD

The Guardian (Charlottetown) - - BUSINESS -

NEW YORK — KKR is buy­ing health in­for­ma­tion web­site We­bMD in a deal val­ued at about $2.8 bil­lion. We­bMD Health Corp. an­nounced in Fe­bru­ary that it was look­ing at its strate­gic op­tions, in­clud­ing a pos­si­ble sale. KKR’s In­ter­net Brands, an on­line me­dia and soft­ware ser­vices provider and sub­sidiary of KKR, will pay $66.50 per We­bMD share. That’s an ap­prox­i­mately 20 per cent pre­mium to the New York com­pany’s Friday clos­ing price of $55.19.

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