Takeover rumours; EMED equates to $15 per share if ChannelHealth VC financing valuation modeled.

0 Comments | M2 Presswire, January, 2000

M2 PRESSWIRE-25 January 2000-IBC: Takeover rumours; EMED equates to $15 per share if ChannelHealth VC financing valuation modeled (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:25012000 Irvine, CA -- (Ibchannel.com) -- IBChannel.com reported today that MEDCOM USA (Nasdaq: EMED) subsidiary Justmed.com Pre-IPO would equate to $15.00 per EMED share based on the valuation placed on ChannelHealth which announced that Pequot Private Equity has invested $30 million in the company at a pre-money valuation of $300 million.

ChannelHealth, an emerging leader in Internet healthcare which recently announced a new alliance with Healtheon / WebMD (Nasdaq: HLTH) said the financing will be used to continue the build out of the technology company, enabling physicians to...

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