May 26, 2000 |
Neoforma.com Inc., an Internet service to connect buyers and sellers of medical supplies, and software maker Eclipsys Corp. ended a merger plan after their shares fell more than 60% in two months. Instead, Neoforma.com will sell a 45% stake to Novation, the world's biggest buyer of health-care equipment, in return for a 10-year purchasing contract. Neoforma also said it will cut about 80 jobs, or 28% of its work force, in part because of the Novation agreement. Since March, when Neoforma.
April 27, 2000 |
Omnicell.com, a health care inventory systems provider that recently introduced an online business, plans to raise as much as $57.5 million through an initial public offering. The company, based in Palo Alto, was created in 1992 to sell systems to automate the management of medical supplies and drugs. Its products are essentially computerized storage cabinets that hold medical supplies or pharmaceuticals. The cabinets let nurses and doctors electronically record their use of supplies.
January 25, 2000 |
It may be a new year, but the IPO market partied Monday like it was still 1999. Santa Clara, Calif.-based Neoforma.com Inc., whose Web sites connect medical equipment firms to hospitals and doctors, quadrupled as trading of the first major initial stock sale of 2000 began, bucking the broad market's downward trend. The stock (ticker symbol: NEOF) surged $39.38 to close at $52.38 on Nasdaq, giving the company a market value of $2.95 billion. Neoforma.com's surge on a day when so many U.S.
March 30, 2000 |
Neoforma.com Inc., which operates an Internet marketplace that connects buyers and sellers of medical goods, said it is in merger talks with health-care software company Eclipsys Corp. and Healthvision Inc., an Internet health-care company.
January 28, 2000 |
Santa Monica-based L90 Inc. (ticker symbol: LNTY), a Web advertising and marketing company, goes public today, betting investors will shrug off legal action from its largest competitor that some analysts say could run it out of business. DoubleClick Inc. (DCLK), the No. 1 online agency with billings last year of $317 million, is suing its smaller rival, claiming it has violated patents.