The Revolution Health Network and Waterfront Media are joining forces to dominate the health space, and challenge to health search giant WebMD. Waterfront Media runs the Everyday Health Network. “We are not disclosing specific terms of the deal but the combined company will be valued at about $300 million,” Waterfront CEO Benjamin Wolin told Reuters.
AOL co-founder Steve Case, now CEO of Revolution Health said, “When we entered the health care market we knew one of the areas we wanted to focus on was using the Internet to empower consumers and give them more choice, control and convenience. The merger of Waterfront Media and Revolution Health Network builds on each company's complementary strengths to create a new industry powerhouse — thus enabling us to accelerate our efforts to reach the largest, most engaged audience and help people stay healthy, manage chronic disease and deal with serious illness.”