Medibuy To Join Healtheon/WebMD in Supplies Site for Doctors
SANTA CLARA, Calif. -- Medibuy.com and Healtheon/WebMD
said the companies are creating an online site that
will enable physicians to purchase medical and non-medical
supplies. Medibuy, based in San Diego, sells medical
supplies online. Under the agreement, it is to pay
WebMD $45.5 million over a three-year period. Of
that money, $10.7 million is to be paid this year,
in exchange for becoming the "preferred" supply
hub on WebMD's Internet site. Medibuy also will
promote WebMD to its customers. In addition, WebMD
will earn a share of transaction fees for all purchases
made through the co-branded site. Healtheon/WebMD,
a healthcare information provider, is publicly owned.
Investors in Medibuy.com include Allianz Capital
Partners, e-partners, Kleiner Perkins Caufield &
Byers, Meritech Capital Partners, Oak Investment
Partners, and Sequoia Capital.
healtheon.com
medibuy.com
medibuy.com |
