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EXHIBIT 99.1
CONTACTS:
Investor Relations:
Risa Fisher
201/703-3415
Media:
Dawn Whaley
404/881-2321
[email protected]
WebMD Announces Executive Leadership and Board of Director Changes
ATLANTA (OCTOBER 12, 2000) - WebMD Corporation (NASDAQ: HLTH) announced today
that Jeffrey T. Arnold has resigned from his position as Co-Chief Executive
Officer of the Company and from the Board of Directors of the Company and that
Martin J. Wygod has assumed the position of sole Chief Executive Officer of the
Company.
Mr. Arnold said, "In the last two years, we have put together the assets
required for WebMD to take a leading role in the evolution of healthcare. Now,
the focus is on streamlining the organization and delivering maximum value to
shareholders. I am confident that the team in place can successfully lead this
effort. I look forward to following the Company's continued success and want to
express my gratitude to my partners and colleagues who helped make WebMD
possible."
Mr. Wygod stated, "Jeff Arnold's strong leadership and vision enabled the
Company, in a very short period of time, to assemble the necessary Internet and
healthcare assets to participate in a fundamental change in the healthcare
system. It has been a privilege to work closely with Jeff over these last few
months."
WebMD also announced the resignation of Jim Clark from its Board of Directors.
W. Michael Long, the Chairman of the Board of WebMD, stated, "WebMD, as it
exists today, reflects Jim's original vision for facilitating the integration of
the Internet into the healthcare field. We thank him for his contributions to
the Company and wish him well in his future endeavors."
ABOUT WEBMD
WebMD provides connectivity and a full suite of services to the healthcare
industry that improve administrative efficiencies and clinical effectiveness
enabling high-quality patient care. The Company's products and services
facilitate information exchange, communication and
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transactions between the consumer, physician and healthcare institutions. The
Company's corporate headquarters are located in Atlanta.
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All statements contained in this press release, other than statements of
historical fact, are forward-looking statements, including those regarding:
future financial results of WebMD; the amount and timing of the benefits
expected from WebMD's integration plan and of the costs of executing such plan;
and potential changes in WebMD's business relationships. These statements are
based on WebMD's current plans and expectations and involve risks and
uncertainties that could cause actual future events or results to be different
from those described in or implied by such forward-looking statements. These
risks and uncertainties include those relating to: market acceptance of WebMD's
products and services; operational difficulties relating to combining acquired
companies and businesses; the profit potential of WebMD's strategic
relationships and customer contracts; economic conditions and regulatory matters
affecting the Internet and healthcare industries; and the ability of WebMD to
attract and retain qualified personnel. Further information about these matters
can be found in WebMD's Securities and Exchange Commission filings. WebMD
expressly disclaims any intent or obligation to update these forward-looking
statements.
