MedicaLogic/Medscape, Inc., a provider of digital health records and online health information, announced last week that it will sell the assets and operations of its Internet Portals business to WebMD Corporation.
With the sale of assets, which includes the sale of the Medscape brand, to WebMD, MedicaLogic/Medscape, Inc.'s digital health record business will continue to be conducted under the MedicaLogic name.
Under terms of the deal, finalized on December 26, WebMD will pay MedicaLogic/Medscape, Inc. $10 million in cash effective immediately for the portals' business assets, including the ``Medscape'' trademark and the two related health care information portals, Medscape.com and Medscape Health For Consumers (www.medscapehealth.com).