VitalWorks, WebMD settle, ink agreement

AuntMinnie.com staff writers
Jul 19, 2001

Practice management software and healthcare information technology company (HIT) VitalWorks has settled pending litigation with Elmwood Park, NJ-based WebMD. The Ridgefield, CT-based HIT firm has also signed a three-year deal to offer WebMD’s transaction processing and patient statement services to its customers.

The litigation, which included claims relating to prior contractual arrangements, was resolved without admission of liability by either company. Under terms of the settlement, WebMD will pay VitalWorks approximately $2.5 million and VitalWorks will turn over certificates for 1.9 million shares of its common stock to WebMD.

VitalWorks stock (Nasdaq, VWKS) opened at $2.94 this morning, WebMD (Nasdaq HLTH) at $5.80.

By AuntMinnie.com staff writers
July 20, 2001

Related Reading

VitalWorks promotes Walsh to chairman, June 7, 2001

VitalWorks posts flat revenues, April 26, 2001

VitalWorks to expand in Florida, April 4, 2001

Copyright © 2001 AuntMinnie.com

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