Seattle health information startup Medify didn’t take long to find its exit.
Medify is being acquired by Salt Lake City-based Alliance Health Networks, which operates more than 50 health-oriented social networks used by more than 1.5 million people. The companies are announcing the deal today but aren’t disclosing terms of the sale.
Medify was formed in 2010 and last July launched a health information portal that compiles medical research. It raised $1.8 million from Voyager Capital and angel investors.
Alliance plans to keep the 10-person Medify team in Seattle and may expand the operation. Co-founders Derek Streat and Jay Bartot are becoming Alliance senior vice presidents.
Streat was an early executive at Classmates Online and co-founder of Adready and Bartot co-founded AdRelevance and Farecast, the travel site sold to Microsoft’s Bing.