Short Take: Healtheon/WebMD reels in $930 million investment

Healtheon/WebMD said Janus Capital agreed to invest $930 million in the Web-based health care company. Healtheon will issue 15 million shares of common stock to Janus, which will receive restricted shares priced at $62 each. Healtheon said it will use the money to pay for the cash portion of its $2.5 billion purchase of Quintiles Transnational's Envoy unit and for other purposes.

The story "Short Take: Healtheon/WebMD reels in $930 million investment" published January 27, 2000 at 8:35 AM is no longer available on CNET News.

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