Jobson Medical Information, LLC Acquires Jobson Publishing, LLC
For release: May 25, 2005
Jobson Medical Information, LLC acquires Jobson Publishing, LLC
New York, NY (May 25, 2005): Jobson Medical Information, LLC ("JMI"), an affiliate of The Wicks Group of Companies, L.L.C., today announced that it has acquired Jobson Publishing, LLC ("Jobson"). Jobson is a leading specialty healthcare communications, publishing and medical education company. Terms of the transaction were not disclosed.
Established in 1958, Jobson produces a broad range of publications, accredited educational programs, live events, symposia and websites that reach, teach and influence over one million healthcare professionals every month. It's well known brands include Postgraduate Institute for Medicine, /alert Marketing, U.S. Pharmacist, Neurology Reviews, Clinician Reviews, 20/20, Review of Optometry and Frames Data.
Michael Tansey, President of JMI, said, "We are very excited to complete the acquisition of Jobson and are eager to increase our presence in the healthcare information market. Combining Jobson with our medical education company, DesignWrite, LLC, will allow us to provide a wide range of quality products for our customers and will make us one of the leading healthcare information providers in the U.S."
Bob S. Amato, President of Jobson, said, "We are pleased with the accomplishments we have achieved to date at Jobson. The company's varied products and services carry respect throughout their respective niches. We extend our gratitude to the employees and are confident that the new ownership and the guidance of Mike Tansey will bring the company continued success."
Jobson Publishing, LLC was privately held and owner managed. Boston Ventures, a private equity firm active in the media, communications and entertainment sectors, was a minority owner of the company. All owners exited the business.
Jobson Medical Information, LLC operates in the medical information services market and concentrates on growth by acquisition and development of companies in the medical education and publishing sectors. JMI is focused on providing information to doctors, pharmacists and other service providers in the healthcare industry. In April 2005, JMI acquired DesignWrite, Inc., a medical education company that provides pharmaceutical and biomedical clients with scientific educational programs that promote trends in diagnosis and therapy in support of clients' existing products.
The Wicks Group of Companies, L.L.C. (www.wicksgroup.com) is a New York-based private equity firm that invests in selected segments of the communications, information and media industries.
BNY Capital Markets, Inc., an affiliate of The Bank of New York, and Van Tuleken Company acted as financial advisors to Jobson in connection with the sale.