WebMD, the newly public health information portal company, has bought out Conceptis Technologies, a Montreal-based provider of online and offline medical education and promotion aimed at physicians and other healthcare professionals for $19 million in cash. Conceptis flagship site is TheHeart.org, a subscription news service.
It also announced its Q3 earnings: Revenue were $45.1 million compared to $37.0 million a year ago, an increase of 22.0%. Net income was $4.1 million compared to $4.8 million a year ago. The prior year results include $3.0 million in revenue and earnings from the content syndication agreement with News Corp (NYSE: NWS). which expired in January 2005.
Online Services revenue was $39.2 million for Q3 compared to $31.5 million in the prior year period, an increase of 24.4%. Advertising, promotion and sponsorship revenues increased 24.2%.