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New York, NY The Associated Press January 11, 2005 Media firm iVillage Inc. said Monday that it acquired Healthology Inc., an Internet distributor of health and medical information, for about $17.2 million, and said its full-year results would come in ahead of current estimates. IVillage paid $15.5 million in cash and $1.7 million in iVillage stock at about $5.98 per share to buy out New York-based Healthology, which employs about 38 people. The deal is expected to benefit 2005 earnings, iVillage said. For the 2005 year, iVillage expects net income of $11 million to $11.5 million on revenue of $86 million to $87 million. The company did not provide earnings per share estimates in a press release. Analysts polled by Thomson First Call forecast net income of $10.7 million, or 14 cents per share, on revenue of $76.8 million. IVillage said it also expects earnings before interest, taxes, depreciation and amortization of $16 million to $17 million. Shares of iVillage rose 7 percent, or 40 cents, to trade at $6.15 during early-morning activity on the Nasdaq. (c) Copyright 2005 The Associated Press All Rights Reserved |
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Copyright ©2007 Rho Capital Partners, Inc.