Business Services Industry
SUPERIOR CONSULTANT'S STOCK JUMPS.(Brief Article)
Crain's Detroit Business, May, 1999 by STOFFER, JASON
Southfield-based Superior Consultant Holdings Corp. saw its stock price surge more than 20 percent last Thursday, from $32.13 to $39, after the health care consultant announced it has agreed to make a major investment in WebMD Inc., an online health care Web site. The amount of the investment won't be disclosed until this week.
"We've felt we've been undervalued for a while now," said Superior Consultant CEO Richard Helppie. "The application of e-commerce technologies coupled with Superior's management consulting services will bring about better health care, greater access and lower costs." Superior Consultant's investment is part of a more than $360 million package provided to WebMD by a consortium of technology, health care and consumer companies,...
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