REDMOND, Wash., Feb. 26 (UPI) -- U.S. information-technology giant Microsoft has taken another step to bolster its new healthcare division, the company said Monday.
It has agreed to acquire Medstory, a small California-based company that develops Web search technology for health information. The financial details of the agreement were not disclosed.
Microsoft interest was piqued by Medstory's search technology, which pre-screens health Web search results to help consumers and healthcare providers more quickly find relevant health information, said Peter Neupert, head of Microsoft's Health Solutions Group.
The acquisition, which will be formally announced by Microsoft Chief Executive Officer Steve Ballmer at a New Orleans health systems conference, is the latest of several health-related purchases for the company.
Medstory CEO Alain Rappaport will head the medical search division at Microsoft.
Source: UPI
http://www.upi.com/HealthBusiness/view.php?StoryID=20070226-122815-5897r
see also:
Microsoft to acquire search start-up Medstory from ZDNet
Microsoft Demonstrates Further Commitment to Healthcare Market With Planned Acquisition of Web Search Company at MicroSoft
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