Drkoop.com, Inc. (Nasdaq: KOOP) rose 19/32 to 1 5/8 Friday following reports that the cash-strapped health information site is considering a buyout proposal.
News reports said Drkoop.com called a statement that it is in talks with Reston, Virginia-based MillenniumHealth Communications, Inc. premature, saying officials had held just one meeting with the suitor’s representatives. MillenniumHealth Chairman and Chief Executive Officer William P. Danielczyk told the Wall Street Journal his company could offer Drkoop.com a “jump-start.” Financial terms of the proposed offer were not reported.
Drkoop.com has been looking for a buyer or partner since April. Its stock, which was trading above $28 last summer, is near an all-time low.
The privately-held MillenniumHealth operates a health news Web site and an online exchange for medical equipment and supplies.