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Weekly News Digest

September 8, 2008 — In addition to this week's NewsBreak(s), the editors have compiled the Weekly News Digest, featuring stories from the week just past that you should know about. Watch for additional coverage to appear in the next print issue of Information Today.

CLICK HERE to view all of this week's Weekly News Digest items.

Wolters Kluwer Health to Acquire UpToDate

Wolters Kluwer Health (www.wkhealth.com), a provider of information and business intelligence for students, professionals, and institutions in medicine, nursing, allied health, pharmacy, and the pharmaceutical industry, announced it intends to acquire UpToDate (www.uptodate.com), an evidence-based electronic clinical information resource. This acquisition is designed to strengthen Wolters Kluwer Health’s portfolio in the growing point of care and electronic medical record markets by expanding its product and services offerings. Terms of the acquisition were not disclosed.

UpToDate, which is accessible through the web, a desktop, and PDA, is an electronic information resource designed to provide clinicians with practical and reliable answers to clinical questions at the point of care. All of UpToDate’s content is original material. UpToDate collaborates with some 3,800 physician experts, who use their clinical experience and review of the latest research to create recommendations on how to diagnose and treat thousands of conditions in 13 medical specialties. Nearly 320,000 clinicians in 130 countries, thousands of patients, and the majority of academic medical centers in the U.S. look to UpToDate for clinical guidance, practice guidelines, peer-reviewed articles, photographs, and X-ray illustrations.

UpToDate is expected to generate annualized projected revenue of $80 million in 2008 and has demonstrated consistent double-digit organic revenue growth over the last 4 years. It has approximately 250 employees and is headquartered in Waltham, Mass., with international sales offices in the Netherlands and Japan. The transaction is expected to be completed in 4Q of 2008 pending regulatory approval and satisfaction of closing conditions.

Source: Wolters Kluwer Health



Send correspondence concerning the Weekly News Digest to NewsBreaks Editor Brandi Scardilli
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