Stories by Todd Woody

Out of the Koop

Drkoop.com Inc.'s new management got down to business Wednesday, firing a third of the struggling Internet health company's staff.

Drkoop Shareholders File Fraud Suit

Drkoop.com shareholders filed a class-action fraud suit against the beleaguered Internet health care company on Friday, charging that Chairman C. Everett Koop and other directors concealed a damaging auditors' report while they sold their stock for handsome profits.

Mediconsult.com Wheels Out Nearly Half Its Staff

Internet health-information company Mediconsult.com Inc. (MCNS) has laid off almost half of its staff and put its consumer medical sites up for sale, succumbing to a dearth of advertising that has afflicted other online health companies.

Drkoop Prescribes Big Layoff

Struggling to survive as its cash runs out, troubled Internet health company Drkoop.com laid off staff on Thursday and has reduced its workforce by 35 percent since April.

A Brand Called Stanford

For decades, Stanford University has served as an intellectual incubator to students and faculty who have gone on to found such Silicon Valley icons as Hewlett-Packard Co., Silicon Graphics Inc. and Yahoo Inc.

Drkoop.com Seems Headed for Life Support

The demise of Drkoop.com Inc. as an independent Internet health company became more likely Tuesday with the disclosure that investment-banking firm Bear Stearns is exploring "strategic alternatives" for the company.

Friends and Family Helping Healtheon's Stock

When the market melts down, the savvy go shopping. Healtheon/WebMD announced Friday that company directors Jim Clark and John Doerr will buy $220 million worth of the Internet health company's stock to take advantage of depressed prices.

A Grim Prognosis for Drkoop.com

In the eyes of its auditors, health-information company Drkoop.com needs life support. People looking at the company's books express "substantial doubt about its ability to continue as a going concern."

Healtheon/WebMD Deal Under a Microscope

In a sign that the U.S. government might be starting to pay attention to the rapid consolidation of the online health care industry, the Department of Justice (DOJ) has asked Healtheon/WebMD Corp. provide more information about its alliance with rival IDX.

TriZetto Acquires IMS Health, Looks for Synergy

Canary-swallows-cat is an old Internet story. But when online health care company TriZetto announced the $8.2 billion acquisition of an old-line, much larger medical industry stalwart called IMS Health on Wednesday, Wall Street got indigestion.

HealthCentral Buys Vitamins.com

HealthCentral announced Thursday that it would buy bricks-and-clicks retailer Vitamins.com in a stock deal valued at $103.5 million. The acquisition is the latest move by Emeryville, Calif.-based HealthCentral to diversify. Begun as a consumer medical information site, HealthCentral launched in November 1998.

Bridging the Digital Divide

With health care moving online, a group of academic, business and government leaders met Thursday to work on ways to keep the poor from falling through the digital safety net. "It's important that if we're going to have social justice as it pertains to health, that this digital divide as it pertains to health be bridged," said Robert Berdahl, chancellor of the University of California at Berkeley, which hosted the e-Health Summit.