Market Overview

WebMD Reportedly Puts Itself Up For Sale; Walgreens, United Health Potential Buyers

WebMD Reportedly Puts Itself Up For Sale; Walgreens, United Health Potential Buyers

Shares of WebMD Health Corp. (NASDAQ: WBMD) hit a new 52-week high of $58.25 shortly after the start of Thursday's trading session. The Financial Times reported that the company is exploring a potential sale of itself.

The Financial Times, citing "people close to the company," reported the online health information company has been talking to several companies that may be interested in acquiring the company.

The publication added that Walgreens Boots Alliance Inc (NASDAQ: WBA) could be interested in acquiring to expand its already existing relationship, which includes a virtual wellness-coaching program.

Related Link: Walgreens-Rite Aid Buyout Will 'Hopefully' Put Downward Pressure On Drug Prices

UnitedHealth Group Inc (NYSE: UNH) was also named as a potential acquirer of WebMD.

However, the Financial Times added that "people familiar with the situation" said that WebMD could scrap all plans and "not do anything" following a strategic review of all of its available options.

Shares of WebMD traded recently at $56.42, up 6 percent.

Posted-In: UnitedHealth Walgreens webMDNews Rumors Intraday Update Movers Best of Benzinga


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