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SANTA MONICA, Calif. — Drkoop.com Inc. agreed to acquire home-infusion-service provider IVonyx for $7.1 million in cash and stock.
Drkoop.com (KOOP) said the deal will expand its health and wellness offerings into the home-therapy segment. Upon completion of the transaction, Drkoop.com President Ed Cespedes will become vice chairman of the company’s board and Ivonyx Chief Executive Peter Molloy will become president of Drkoop.com.
Drkoop.com has shifted its business focus and sharply cut costs since this past summer, when the company found a new source of financing just in time to avoid shutting its cash-starved operations.
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