WebMD Health said it would terminate plans for a sale after an unnamed number of possible bidders performed due diligence on the company.
The company also said Tuesday that Wayne Gattinella resigned as president and CEO. Anthony Vuolo, currently serving as chief operating officer and chief financial officer, will serve as interim CEO.
WebMD said it expects 2012 revenue to decline two percent to eight percent compared to 2011 revenue.
The company said it had discussions with several potential acquirers to conduct due diligence of its business. A special committee of the board of directors “has terminated these discussions … and its process to review a potential sale of the company.”
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