The Michigan Daily

The company, which provides Web-based health advice by joining advanced technology with behavioral science, has about 140 employees. They all will stay in Ann Arbor despite the transaction. Though details of the transaction were not disclosed, the release said the sale should net the University about $1.7 million of money that will later be reinvested into research initiatives at the University. "This success is a good example of how the University of Michigan can be an engine for economic change and growth in the state," said Stephen Forrest, the University's vice president for research, in the release. HealthMedia, founded in 1998, is a product of the University's Tech Transfer Office. Prior to purchasing the company, Johnson & Johnson served as its customer. University President Mary Sue Coleman has served on Johnson & Johnson's board of directors since 2003.