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Medscape retains investment banker to explore its options.(Lazard Freres & Co.)(Brief Article)
Medscape is up for sale.
The Portland-based provider of online health information services has retained investment banking firm Lazard Freres & Go to help it "explore strategic alternatives, including a possible sale of the company," according to a recent news release.
Medscape, which started life as Medicalogic before acquiring Medscape and retaining the acquired company's name, also announced that it intends to cut 100 positions. The company currently employs about 460 people.
The company expects to report Q2 revenue of $14.3 million, a 41 percent increase from first-quarter levels, but less than Wall Street expectations. The company said …
