Strathspeyย Crown Holdingsย (“SCH-AEON LLC”),ย announced today that it has reached an agreementย in principleย with ALPHAEONย Corporation (“ALPHAEON”) toย acquireย theย ShoutMDย social media platform in its entirety, including all technology and intellectual propertyย rights.
The transaction is subject to the final approval of the ALPHAEON Board of Directors and certain key shareholders.ย Once the acquisition is closed, Strathspey Crown Holdingsย will sub-licenseย ShoutMD on a non-exclusive basis to the World Physicians Organizationย (“WPO”), aย multi-specialty physicians organization andย accreditationย body affiliated with Strathspey Crown.
Robert E. Grant, Chairman of Strathspey Crown, said, “ShoutMDย was originally co-created by the physician investors ofย Strathspeyย Crown Holdings.ย As ALPHAEON narrows it portfolio focus to medical aesthetics, these same physician shareholders will be well served by the platform residing within Strathspey Crown.
ShoutMDย wasย intended to provideย a freeย voice toย the doctors, many ofย whomย feel stifled by overregulation and variousย reimbursementย pressures.”
Vikย Malik,ย Managing Partner ofย Strathspeyย Crown, commented, “We remain dedicated to theย Strathspeyย motto and vision: ย “Of Doctors, for Patients.’ย ย In partnership with WPO, we willย expand our existing activities to further benefit doctors and patients including: physician advocacy and government affairs, business education, community leverage and awareness.”
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