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To: AKR who wrote (1093)	2/23/2000 1:41:00 PM
From: R. Bond	Respond to of 1116

FYI, from today's WSJ. Richard Lee of Wit Capital calls MCNS possible acquisition candidate (see last sentence). Could my sad prediction of management selling out for $8 a share come true? Let's hope not, Bond ----- MedicaLogic Fell on Deal Tuesday In the latest bid to push health care into cyberspace, online medical-records provider MedicaLogic, tumbled Tuesday on news of a $700 million merger with Medscape, which supplies expert medical information. MedicaLogic lost 6 11/16, or 13%, to close at 44 on the Nasdaq Stock Market, while Medscape gained 1 1/8, or 9%, to 13 on the news. Meanwhile, the Nasdaq Composite Index lost 29.62 to 4382.12 and Morgan Stanley's high-tech 35 index rose 3.68 to 1929.55. The Dow Jones Internet Index slipped 9.04 to 414.79. MedicaLogic also announced plans to acquire the outstanding shares of Total eMed for eight million common shares, about $405.5 million. Total eMed Inc. (www.totalemed.com) provides physicians with Web-based transcription services. Both moves represent continued consolidation in the online health-care sector, as the companies merge their features so physicians only need to stop at one site for information and services designed to streamline their business as well as the patient/doctor/pharmacist relationship. MedicaLogic stumble was mirrored by the fall in technology stocks Tuesday, following the long Presidents' Day weekend. The news of MedicaLogic's deals follows on the heels of a string of acquisitions made by Healtheon/WebMD Corp. Last week, Healtheon/WebMD announced last week a deal to acquire medical-software maker Medical Manager Corp., the parent company of CareInsite, Healtheon/WebMD's chief rival. Richard Lee, an analyst with WIT Capital says Healtheon/WebMD's recent purchases have prompted other players, like Medscape, to accelerate their own consolidation plans: "to survive in the space you have to be as aggressive as the 800-pound gorilla." Mr. Lee has a "buy" rating on Medscape. Josh Fisher, an analyst with W.R. Hambrecht, agrees with Mr. Lee; "There's a land grab going on." According to analysts, the Medscape/MedicaLogic merger is attacking the same customers as Healtheon/WebMD, but is focusing on a different sector of the market. Healtheon/WebMD's acquisitions appear targeted at medical office managers -- like the recent investment of $100 million in medical-practice management software maker InfoCure Corp. -- to automate administrative tasks. A link-up with drugstore chain CVS Corp. and its purchase of OnHealth Network Co., which runs health-information site OnHealth.com, indicate that Healtheon is courting the consumer market. But the Medscape/MedicaLogic union aims at physicians. Their goal is to have physician-populated personal medical records: a summary of medical records, available to patients and doctors whenever they want to look at them. Mr. Fisher says this focus capitalizes on Medscape's name recognition among doctors. It's been around since 1995, and is recognized as reliable among physicians. Analysts don't expect the consolidation to stop soon. Stephen DeNelsky, an analyst with Credit Suisse First Boston says "The consolidation is going to continue as an opportunistic phenomenon -- companies that have high valuations want to acquire as much as they can while they can." Mr. DeNelsky has a 'buy' rating on Medscape. Mr. DeNelsky adds that while the Web companies are consolidating businesses and technologies at Internet speed, traditional bricks-and-mortar health-care partners, like health-maintenance organizations, doctors or specialized nurses, may not move as fast to adapt new technologies and methodologies. "Electronic medical record is still in its infancy in terms of adoption," says Mr. DeNelsky. WIT Capital's Mr. Lee says that time gap is "certainly one of the big barriers" to online health-care companies, which could consolidate faster than they create a market. But that remains to be seen. Numerous companies are still ripe for the picking. Among the remaining independents are DrKoop.com Inc., mediconsult.com and allscripts.com.

To: AKR who wrote (1093)	2/24/2000 10:03:00 AM
From: R. Bond	Read Replies (1) \| Respond to of 1116

(BSNS WIRE) Mediconsult Enters Into a Multi-Year, Multi-Million Dollar M Mediconsult Enters Into a Multi-Year, Multi-Million Dollar Medical Education Agreement; Program will Launch Physician Medical Education into the Digital Age Business Editors/High Tech Writers NEW YORK--(BUSINESS WIRE)--Feb. 24, 2000--Mediconsult.com, Inc. (NASDAQ: MCNS) today announced a significant strategic initiative with Bristol-Myers Squibb (NYSE: BMY) designed to advance the medical knowledge and skills of practicing physicians. The multi-year agreement includes an initial investment of $5 million with defined expansion options through December 31, 2004 that give the contract a potential value of $50 million. "Pharmaceutical companies spend over $3 billion per year sponsoring medical education programs for physicians in the U.S.," said Tim McIntyre, a divisional president of Mediconsult. "This innovative program leverages Mediconsult's unique capabilities to deliver high quality, convenient medical education to physicians." About Mediconsult.com, Inc. Mediconsult.com, Inc. through its sites and communities is a leading provider of physician and patient healthcare information and services on the World Wide Web. Founded in 1996 with its flagship Web site, www.mediconsult.com, the company's mission is to improve patient outcomes through information and tools that educate doctors, empower patients and build on the doctor/patient relationship. This unique, integrated approach has resulted in the largest and most loyal following of medical Web site visitors and a leadership position in the online health industry. The Mediconsult sites and communities include: Mediconsult.com (www.mediconsult.com), the medical Web destination patients use most; Mydoctor.com (www.mydoctor.com), visit your doctor online; Physicians' Online (www.pol.net) the world's largest online physician community; Heart Information (www.heartinfo.com), heart health for patients and physicians; PharmInfo (www.pharminfo.com), current and in-depth drug information; Cyberdiet (www.cyberdiet.com), fitness and nutrition resource and community; INCIID (www.inciid.org), infertility information and support; StorkNet (www.storknet.org), an active pregnancy and parenting community; Mediconsultinc.com (www.mediconsultinc.com), redefining medicine through the Internet. Certain statements in this release, such as management's view of future revenues and expenses, may be forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Potential risks and uncertainties include such factors as acceptance of the company's products and services, competition and other risks described in the company's filings with the Securities and Exchange Commission. --30--cd/bos* CONTACT: Mediconsult Media Contact: Tom Peacock, 212-841-7327 tpeacock@mediconsult.com or Mediconsult Investor Contact: Edward F. Kuhlenkamp, 212-841-7339 ekuhlenkamp@mediconsult.com KEYWORD: NEW YORK INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS INTERNET PHARMACEUTICAL MARKETING AGREEMENTS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *