Health care portal WebMD (wbmd) said on Thursday that it was not negotiating a sale of all or part of its business, a day after the Financial Times reported about talks over a potential deal.
WebMD‘s shares were down about 9% in afternoon trading after the company’s statement, reversing from a near five-year high of $58.25 hit early in the session.
Early last year,WebMD collaborated with Walgreens on making available a wellness-coaching program on the Walgreens website, aimed at improving health and wellness.
The digital company might also choose to not push for a sale, after reviewing its options, the sources told the newspaper.
Shares of WebMD, which has a market value of about $2 billion, had gained 22% in 2015.