NEW YORK — WebMD Health Corp. (NASDAQ: WBMD), which operates a network of health websites, announced it is looking at strategic alternatives focused on maximizing shareholder value. These alternatives could include, among other things, the sale of part or all of the company, a merger with another party or other strategic transaction.
“WebMD’s Board of Directors is committed to fully evaluating appropriate strategic alternatives while simultaneously supporting the company’s management and employees in their ongoing efforts to deliver trusted information, innovative products, and outstanding value to our users, members, and customers,” said Martin Wygod, Chairman of WebMD. “We believe that pursuing these complementary paths is in the best interests of our shareholders and is designed to maximize value.”
The WebMD Health Network includes WebMD.com, Medscape.com, MedicineNet.com, eMedicineHealth.com, RxList.com, OnHealth.com, Medscape Education (Medscape.org) and other WebMD owned sites and apps.
WebMD reported 2016 revenues of $705.0 million, an 11% increase from the previous year, and net income of $91.3 million for the year.