IAC Snags A Chunk Of The HealthCentral Network

  • January 29, 2008
IAC announced that it had acquired a "significant minority stake" in The HealthCentral Network, a collection of more than 30 health and wellness Web properties.

Official terms of the deal were not disclosed, but various reports peg this latest round of financing for the Arlington, Va.-based company at $50 million--with IAC leading the pack, and additional funds from previous investors Sequoia Capital, Carlyle Group and Polaris Venture Partners.

In addition to the minority stake, IAC Chairman and CEO Barry Diller and Peter Horan, CEO of the company's Media & Advertising sector will serve on HealthCentral's Board of Directors.

--Tameka Kee

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