ConnectivHealth Sells VerusMed to Intellerus

Feb 24, 2009

VerusMed, a medical information business unit of ConnectivHealth, Inc. has been sold to Intellerus, LLC, a private investment firm. Terms of the transaction were not disclosed.The Jordan, Edmiston Group, Inc., a provider of independent investment banking services for media, information, marketing services, and related technologies, advised ConnectivHealth on this transaction. Roscoe Smith will become chairman and CEO of VerusMed, and June Manning will continue in her position as editor in chief. VerusMed, an evolution of Faxwatch, provides medical information to physicians, healthcare professionals, pharmaceutical, and biotechnology executives.