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Home > Company Index > Media > Internet & Online Content Providers > Mediconsult.com, Inc.

Mediconsult.com, Inc.
OTC: MCNS
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 NEWS FROM THE STANDARD
Mediconsult.com Wheels Out Nearly Half Its Staff
Jul 14 2000 01:07 PM PDT

 PROFILE
Get that patient to a Web site, stat! Mediconsult.com provides medical information through a string of Web sites including flagship site Mediconsult.com, which offers content on more than 60 chronic medical conditions and health issues. Once focused on consumer-oriented content, the company is now concentrating more on information for physicians. In 1999 Mediconsult.com generated more than 75% of its revenue by providing Web-related services to Novartis and Bristol-Myers Squibb. Struggling in financial sickbay with other US Web sites, Mediconsult.com laid off 45% of its employees and began exploring the sale of its consumer sites in 2000. Chairman and CEO Robert Jennings owns 24% of the company.

 DEALS
Deal: Cybear Acquires Mediconsult
Date Announced: 01.10.01
Value of transaction (US $Mil): 0
Description: Developer of Web-based health care applications buys rival in all-stock transaction.

Search all deals for this company

 TRACKERS
Sep. 30, 2000 - LAYOFF TRACKER
100 laid off
Description: Aligning operations with demand for its product.

Jul. 14, 2000 - LAYOFF TRACKER
100 laid off
Description: Selling consumer medical sites and moving to a b-to-b model.

More LAYOFF NEWS

 STOCK ANALYSIS
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FURTHER ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 6.40
1-Yr. Sales Growth: 540.0%
Employees: 294
Revenue per employee: $21,768.71

 KEY PEOPLE
• Robert A. Jennings
    CEO
• E. Michael Ingram
    CFO

 CONTACT INFO
33 Reid St., 4th Fl.
Hamilton HM 12, Bermuda
Phone: 1-441-292-0474
Fax: 1-441-295-0560
Online: Web Site

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