WebMD Calls Off Sale, Sun Capital Reportedly in Talks to Sell Thermasys
There is some deal news today. WebMD has called off the auction to sell itself. WebMD's special committee has ended discussions "with potential acquirers and its process to review a potential sale of the Company," the healthcare information provider said in a statement Tuesday. In November, WebMD hired Credit Suisse to advise on the sale, according to press reports. WebMD was in talks with four PE firms, including Kohlberg Kravis Roberts & Co LP and Providence Equity Partners, by December, according to my coworkers at Reuters. It's unclear why WebMD called off the talks.
10 January 2012•2 mins read
