WebMD Backs Off from MTS Acquisition | Startup Meme - Technology Startup and Latest Tech News

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Nov 20 2008

WebMD Backs Off from MTS Acquisition

Bilal Hameed 

image thumb256 WebMD Backs Off from MTS Acquisition

WebMD and Marketing Technology Solutions (MTS), the operator of QualityHealth – an interactive healthcare marketing company, have mutually terminated their merger deal without providing any explanation. The scraped deal included a $50 million up-front payment and up to $25 million in earn-outs. The two companies have however, entered into an advertising services agreement and WebMD has acquired a minority preferred interest in MTS. Financial terms of this deal has also not been disclosed.

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