An ASP With Healthy Vitals A. Turner - February 28, 2000
Event Summary
InfoCure Corporation (Nasdaq:INCX) announced that Healtheon/WebMD (Nasdaq:HLTH) has agreed to invest up to $100 million in InfoCure's newly formed subsidiary VitalWorks.com. Healtheon/WebMD will immediately purchase $10 million in cash convertible preferred stock with an additional $90 million ($40 million in cash and $50 million of Healtheon/WebMD common stock) invested at the completion of VitalWorks.com's impending IPO. The investment is still subject to regulatory approval and approval of both companies board of directors...