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Slide #5. Bankrate — Caring.com
Bankrate, Inc. (NYSE: RATE) announced today the acquisition of Caring, Inc., a privately held, San Mateo California-based company and the owner of Caring.com, a leading senior care resource for those seeking information and support as they care for aging family members and loved ones. Caring.com provides assisted living and eldercare content, online support groups, and a comprehensive Senior Care Directory for the United States. Caring generates revenue primarily through referral fees from senior housing communities, as well as subscription and display revenue. The purchase price of $54 million in cash is subject to adjustments, and the Caring team will join Bankrate, Inc.
Bankrate is a publisher, aggregator and distributor of personal finance content on the Internet. Co. has four segments: Credit Cards, which provide visitors with a selection of consumer and business credit and prepaid cards, providing detailed information and comparison capabilities; Banking, which provide information on rates for various types of mortgages, home lending and refinancing options; Senior Care, which provide original articles, tools, an online senior living community directory for the U.S. and a local directory covering a range of other senior caregiving services; and Other, which includes unallocated corporate overhead and the elimination of transactions between segments.
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Hold (2.00 out of 4)
(ranked higher than approx. 92% of all stocks covered)
Based on Zacks ABR data;
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