MedicineNet.com gains new investor in Walsh Distribution

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MedicineNet.com, a privately held Internet provider of proprietary healthcare information based on physician-provided content, and Walsh Distribution, a wholesale distributor of 36,000 prescription and over-the-counter products primarily to community pharmacies, are joining forces to create a new site, HealthCareAmerica.com, that will provide e-commerce capabilities for community pharmacies. At the same time, Walsh Distribution said it will acquire a 50% interest in MedicineNet. The combined companies aim to provide community pharmacists with the means to compete with the large chains and their online businesses, the companies said.

Copyright November 1999, Crain Communications Inc.

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