As previously discussed, Waterfront Media acquired Revolution Health in a deal the New York Times valued at $300 million. Waterfront Media is a Brooklyn-based company that runs Everyday Health.com and represents many condition-specific health sites (including PsychCentral.com). Case joins Waterfront’s board of directors. Expect massive staff reductions at the Revolution Health offices in D.C.
John M. Grohol, Psy.D.
John M. Grohol, Psy.D. is one of the pioneers in online mental health and support groups, getting his start on the Internet in 1992 with depression support groups and advocacy efforts. He is a writer, researcher, and the publisher & founder of the Internet's leading mental health and psychology network, Psych Central, a founding corporate member of the Society for Participatory Medicine. Dr. Grohol sits on the editorial board of Computers in Human Behavior and does e-health consulting in his spare time.
Dr. Grohol is a founding member and treasurer of the Society for Participatory Medicine, and is also a member of the Association of Health Care Journalists.
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So, I’m in the high tech game in my day job. What value is Waterfront acquiring for its $300 million? (Honest question – I’m wondering what’s the nature of the business.) Does Case bring a big network of customers or a big marketable knowledgebase?
Valuation of companies is a fascinating game sometimes. I wonder what multiple of earnings was envisioned, or what other method they used.
Among other things, I’m wondering what I could create that I could sell in a few years for well into nine figures!