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Strathspey Crown to acquire ShoutMD
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ShoutMD will be acquired by Strathspey Crown Holdings from Alphaeon, according to a press release.
Strathspey Crown, a growth equity firm specializing in lifestyle health care, will acquire the social media platform in its entirety, including all technology and intellectual property rights, the release said. The company will sublicense ShoutMD on a nonexclusive basis to the World Physicians Organization if the deal is approved by the Alphaeon board of directors and certain key shareholders.
“ShoutMD was originally co-created by the physician investors of Strathspey Crown Holdings. As Alphaeon narrows it portfolio focus to medical aesthetics, these same physician shareholders will be well served by the platform residing within Strathspey Crown. ShoutMD was intended to provide a free voice to the doctors, many of whom feel stifled by overregulation and various reimbursement pressures,” Robert E. Grant, chairman of Strathspey Crown, said in the release.
Financial details of the acquisition were not released.