Bear Stearns acquires a 5% stake in Mecon

Published on .

New York--Bear Stearns & Co. has acquired a 5% equity stake in Mecon, a San Ramon, Calif.-based provider of software and consulting services to health care companies. Bear Stearns' stake translates to 368,354 shares, or $3.9 million. Bear Stearns' move comes at a time when financial services companies are increasingly taking stakes in b-to-b health care companies. For example, Janus Capital Corp., Denver, last week announced that it would invest $930 million in Healtheon/WebMD, Atlanta.
Most Popular
In this article: