Justmed Com

An Irvine-based company with a market value of less than $20 million hopes to spin off one of its divisions in a public stock offering to raise as much as $100 million. Sims Communications Inc., a provider of services for processing transactions for the health care industry, said Thursday that JustMed.com, a subsidiary that operates a health care Web site, will offer an undisclosed number of shares in an initial public offering.

An Irvine-based company with a market value of less than $20 million hopes to spin off one of its divisions in a public stock offering to raise as much as $100 million. Sims Communications Inc., a provider of services for processing transactions for the health care industry, said Thursday that JustMed.com, a subsidiary that operates a health care Web site, will offer an undisclosed number of shares in an initial public offering.