David
Thanks for posting. Jim at JDX mentioned that Medsite.com wanted to do another financing before the IPO....I guess that was the one he was talking about. The IR at medsite.com has said there has been tons of interest in the IPO since the Prez. first mentioned it would be done this fall. It looks like Medsite.com has been growing fast and should be in great form for the IPO. They are now getting into the medical education business along with everything else they are doing. As long as the market doesn't take a dive this IPO could end up being one of the hot ones. If medsite.com pulls a $60+ on the first day like many of the hot IPOs I can only imagine the move that JDX will make. If Medsite.com did pull off a great opening move it could mean an instantaneous paper profit of $20-60 million for JDX.
Medsite.com and HealthStream Form Strategic Partnership
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NEW YORK--(BUSINESS WIRE)--June 23, 1999--
-- MedUniversity.com Venture to Revolutionize
Online Healthcare Education --
Medsite.com, the leading provider of eServices for the medical community, today announced a strategic partnership agreement with HealthStream, the nation's leading provider of online healthcare education, to bring about together the future of online healthcare education.
Under the agreement, Medsite.com will launch MedUniversity.com, a service designed to meet the complete continuing education needs of healthcare professionals. MedUniversity.com will feature a comprehensive library of interactive education courses offered through Medsite.com's healthcare partners. These institutions will have the option to provide the service on their Web sites and over their own Intranets. In addition, each organization can provide its own proprietary educational content.
HealthStream will provide the online content library as well as its proprietary technology, which will be used to manage the online university. HealthStream currently provides the Web's largest library of continuing education for medical professionals, including over 500 hours of CME for Family Practice, Internal Medicine, and Emergency Medicine physicians.
"This partnership marks a new day for the professional medical community," said Sanjay Pingle, Co-Founder and Executive Vice President of Marketing for Medsite.com. "Medsite.com's introduction of online health education to our current customer base of 300,000 medical professionals further enhances our position as the leading provider of eServices to the medical community."
"Clearly the biggest winner in this partnership is the medical professional," says Robert A. Frist, Jr., Chief Executive of HealthStream, "HealthStream has an unparalleled focus in delivering online solutions to the $6 billion healthcare education market and our partnership with Medsite.com will make engaging, affordable education a reality to 5 million medical professionals."
The partnership between Medsite and HealthStream is one of several strategic moves Medsite has made over the past few months. Most recently, on June 6, 1999, Medsite acquired CreativeAspect, Inc., which provides powerful Web based calendar, email, and collaboration software as well as a membership of over 25,000 registered users. Medsite has focused other moves on reinforcing its ties to the medical community and has added to its list of association partners two strong, enduring partnerships with the American Association of Psychiatrists (AAP) and the American Preventative Medical Association (AMPA).
About Medsite.com
Through a network of first-to-market medical-focused Web site channels, Medsite.com serves an existing customer base of more than 300,000 medical professionals, including 200,000 physicians, with innovative online medical information, communication, and commerce solutions. Medsite.com is the creator of MedBookStore.com, which features the largest selection of medical books, software, and supplies for physicians on the Internet. More than 5,000 customers from over 60 countries around the world visit MedBookStore.com each day. Medsite.com's Web enabled email service, MedMail.com, has more than 100,000 registered medical professionals. The Medsite.com/ISI Journal Tracker is an exclusive service allowing physicians to receive email updates from over 2,500 medical journals as they are published.
Medsite.com is headquartered in Silicon Alley at 60 East 13th Street, New York, NY 10003. The company's telephone number is (212) 253-6913; email can be directed to info@medsite.com. Additional information about Medsite.com and a description of the eServices they offer can be found at www.medsite.com.
About HealthStream
HealthStream, Inc., based in Nashville, Tenn., is the leading provider of online healthcare education. The company's product offerings make up the Web's largest library of continuing education for healthcare professionals. HealthStream's T.NAV(R) (Training Navigator) software delivers healthcare providers a complete system to deliver and manage healthcare education both over the Internet and via corporate intranets. HealthStream works with leading healthcare providers, health Web sites, pharmaceutical and medical device companies, medical publishers, university medical schools, and insurance companies to provide online healthcare education. HealthStream can be visited on the Web at www.HealthStream.com
June 22, 1999 15:11
Medsite.com, Inc. Continues Rapid Growth and Expansion
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NEW YORK--(BW HealthWire)--June 22, 1999--Medsite.com, Inc., the leading provider of eServices for the medical community, announced today yet another sign that its remarkable growth rate of more than 700 percent is continuing at full steam.
To drive this growth rate over the past two years, Medsite has acquired 100 new employees and with them a strengthened senior management team. Medsite has also recently acquired an additional 10,000 square feet in their expanded Silicon Alley headquarters to provide these dynamic new hires an environment capable of supporting their talent and the company's record of success.
The company's Co-Founder and Chief Executive Officer, Sundeep Bhan, is excited about the rapid growth of Medsite. "It wasn't so long ago when we had two staff members, one computer and worked out of a loft apartment in midtown Manhattan," said Bhan. "Medsite is poised to revolutionize the integration of healthcare and the Internet -- we continue to acquire the staff resources and space we need to fulfill our mission."
The most recent addition to the Medsite.com management team is Jim Gallagher, Senior Vice President of Finance and Operations. Gallagher has primary responsibility for all of the financial and operational aspects of the business and brings to Medsite.com over nineteen years of progressive, senior financial and operational experience including ten years with Arthur Andersen LLP.
Bhan has been adding balance to his management team and making similarly strong additions to the Medsite Board of Directors. Richard Morello, Director of Pharmacy and Healthcare Programs, joined Medsite from Mercer Management Consulting earlier this year. Mr. Morello brings a wealth of talent and expertise in the areas of pharmaceutical and product marketing, in addition to corporate strategic positioning. Alex Leventhal, Director of Marketing, joined Medsite from a brand management role at Johnson & Johnson to help leverage the company's growing portfolio of products and services into an integrated marketing and communications positioning campaign.
Richard Kiernan, former Publisher of Medical Economics Magazine recently joined Medsite's Board of Directors. Kiernan will provide the management team with strategic counsel and market insight as they manage their rapid growth and emerging products in the evolving healthcare marketplace.
Announcements earlier this month detailed further hires at the senior management level. These valued additions include John Eastman, Executive Vice President and Publisher; Steven R. Novick, Senior Vice President and Head of Business Development; and Brian Shin, General Manager of Technology, who joined Medsite.com with the acquisition of CreativeAspect, Inc.
Best Regards
KEITH |
