In recent news, WebMD was bought out by a private investment firm out of the UK by the name of KKR (Kohlberg Kravis Roberts & Co) for $2.8 billion, which has about as deeply seeded ties to the pharmaceutical industry as any of you can even imagine. One might say, that they are a pharmaceutical company within themselves.
For those of you who don’t know, WebMD owns most of the online medical sources, and claims to support 75 million US public users, and 650,000 US doctors each month. Some of the websites in which they own include; WebMD, WebMD Health, RxList, MedicineNet, emedcineHealth, Boots WebMD and the infamous Medscape which I previously reported about due to their deleting/censoring everything negative about vaccines from their website.
When you consider they sell over $700 million per year in advertising, most of that to the pharmaceutical industry, it’s not much of a surprise that they would trade ethics for cash. In fact, they have come Web MD has come under fire for a bias on reporting, in support of specific pharmaceutical drugs. I’m willing to bet those are their advertisers drugs.
But this new takeover by KKR makes this conglomerate of misinformation go from bad to worse, because KKR pretty much *is* the pharmaceutical industry, previously bidding on GlaxoSmithKline’s old drug portfolio, buying out Bayer’s diabetes equipment section, owning 80% of Panasonic Health Care, then when you look at the present and past Board of Directors for KKR and their positions now within the pharmaceutical industry, it gets even more scary.
Apparently, KKR knows where the money is, and that is in keeping people sick. Treating their symptoms instead of diseases. So, over the last 7 or so years, they have been positioning themselves within the pharmaceutical industry, with one of their executive directors by the name of Patricia Russo also sitting on the board of directors, for Merck pharmaceuticals as a chairman. Then we have GlaxoSmithKline, the most criminally prosecuted pharmaceutical company in the world, who also has a “nonexecutive” director on its board of directors, by the name of Charles Maughan, who, while still an active director at GlaxoSmithKline, split time with Kohlberg Kravis Roberts & Co on 2 different occasions.
Now they want to control public and doctor information/opinions, with direct monthly
access to about one quarter of the US population, and two thirds of US doctors. No longer is WebMD just funded by pharmaceutical companies, they are now owned by pharmaceutical companies.
To say that there will be a bias the information in which they present may be the understatement of the year. The bias was already there, the removal of negative information about vaccines or drug companies had already become a practice of being removed, and now, one of them largest pharmaceutical investment companies in the world owns it… You all know how that’s going to play out!
If this was any other industry in the world, it would be absolutely outrageous and such a purchase would be blocked, considered a monopoly and conflict of public interest. But the pharmaceutical industry does not play by the same rules as everybody else. That’s become quite apparent over the years.