WebMD
Providing digital health information services for consumers and healthcare professionals.
Company facts
- Founded
- 1996
- Employees
- 3,000
- Headquarters
- United States
- CEO
- Robert Brisco
- Type
- Private
- Funding
- Private Equity · $2.8B · 2017
- Subsidiaries
- Medscape, Krames, PulsePoint, Vitals, Healthwise, Mercury Healthcare
About
What began as a pioneering idea in the mid-1990s has evolved into the most recognized and trusted brand in online health information. The journey of WebMD is a story of vision, consolidation, and an unwavering commitment to providing accessible and credible health knowledge to the world. The origins can be traced back to 1996 with the founding of Healtheon by Jim Clark, the renowned founder of Netscape, and Pavan Nigam. Their initial focus was on streamlining the convoluted healthcare administration and insurance processes. Around the same time, a young entrepreneur named Jeff Arnold launched WebMD in 1998, with a clear mission to empower consumers with direct access to medical information. The turning point came in 1999, a landmark year for the burgeoning internet health space. A powerful merger brought together Healtheon and WebMD, Inc., creating a new entity, Healtheon/WebMD. This strategic union aimed to create a comprehensive, integrated platform for both consumers and healthcare professionals, bridging the gap between patients, doctors, and health plans. The early 2000s were a period of rapid growth and further consolidation. The company, which eventually shortened its name to WebMD Corporation, embarked on a series of acquisitions, absorbing other health-related online resources and technology companies to broaden its scope and capabilities. This expansion wasn't without its challenges, as the company navigated the turbulent dot-com era and worked to build a sustainable business model based on advertising and sponsorships. Over the years, WebMD has solidified its position as a household name, a first stop for millions seeking to understand symptoms, research conditions, or learn about medications. In 2017, WebMD was acquired by Internet Brands, a subsidiary of the global investment firm KKR, in a deal valued at approximately $2.8 billion. This acquisition marked a new chapter, integrating WebMD into a broader portfolio of online media and software services while maintaining its core mission. Today, WebMD continues to be a dominant force, providing a vast repository of physician-reviewed content, supportive online communities, and tools designed to help people make more informed decisions and take a more active role in their health journey.