Troubled online health network drkoop.com
acquired the assets of drDrew.com
, an online lifestyle community aimed at 14- to 24-year olds. Drkoop.com acquired all drDrew.com assets from Sherwood Partners, a corporate restructuring and business advisory firm, for 1.58 million shares of common stock and $150,000 cash. The acquisition boosts the drkoop.com registered user base to more than 2 million. While both sites will continue operating independently, there will be some basic content integration. Dr. Drew Pinsky, founder of drDrew.com and the co-host of the syndicated radio show "Loveline,'' will serve as a consultant to the company. The ailing drkoop's stock is trading below a dollar.
Copyright November 2000, Crain Communications Inc.