Three months ago Steve Case’s Revolution Health sold for $100 million or so to Waterfront Media (after raising $200 million in venture capital). Consolidation continues today with the HealthCentral acquisition of Wellsphere, which we first covered in early 2007. The deal should be announced on Wednesday.
Wellsphere brings its 4 million or so monthly unique visitors to the table. The site also has 300,000 health‐related articles, over 250,000 health‐related images, and nearly 20,000 health and healthy living videos.
The size of the deal is not being disclosed. Wellsphere has raised $3 million in funding from Gemini Israel Funds and Woodrow Myers. HealthCentral has raised a whopping $50 million in capital from Sequoia Capital, Polaris Venture Partners, IAC and Carlyle Group.