Mackler, Fisher, and Alta Communications Acquire HMP Communications
"HMP Communications will be the platform from which we will grow," says Mackler who will assume the role of HMP President & CEO. Mackler has been credited with building successful portfolios for several leading business media and communications organizations. "We are very pleased to be partnering with Peter Norris, executive vice president of HMP and the existing management team given how well they have built the company. We intend to pursue strategic bolt-on acquisitions that will enhance and strengthen the company's position in each market served, enabling HMP to expand its products and services to its valued customers and clients."
HMP launched in 1985, growing significantly over the past two decades to become the premier resource for medical information and education in select therapeutic fields. Today, HMP Communications reaches tens of thousands of healthcare professionals providing medical information, groundbreaking research and continuing medical education through its journals, newsletters, books, CD's, meetings, conferences, exhibitions, symposia, and online.
"Paul, Ken and Alta Communication's Phil Thompson are well equipped to lead this dynamic company into the future," says Earl Macomber, Partner, BG Media Investors. "We have been fortunate to work with an experienced group of professionals at HMP Communications and wish them great success in the coming years."
Mackler has worked in the business-to-business communications industry for nearly 25 years, most recently as CEO of Cygnus Business Media, nearly doubling its portfolio of print, websites, trade shows and custom publications. He previously served as President of Reed Exhibition Companies, N.A., a division of Reed Elsevier, where he was responsible for 50 major exhibitions and conferences throughout the US and Canada. Prior to that, he was a principal and CEO of CMC, a trade show, conference and publishing company, which was acquired in 1995.
Fisher has a strong background in acquisition negotiations, due diligence and integration, most recently serving as CFO of Cygnus Business Media. He also served as CFO & Chief Technology Officer (CTO) for Wicks Business Information (WBI), a business-to-business media company located in Fairfield, Connecticut. At Wicks, he was responsible for the finance & accounting function of the company as well as directing all technology investments in seven locations. Fisher received his MBA in Finance from Northeastern University. Prior to joining WBI, Fisher was a vice president of finance for Cowles Business Media.
"We are very pleased to enter the burgeoning healthcare and medical field with our investment in HMP Communications, and we are extremely excited to be partnering with Paul Mackler and Ken Fisher and the existing HMP management team", said Alta Communications General Partner Phil Thompson.
HMP is a pioneer in the distribution of medical information, research, education and advances. Delivered via journals, books, webcasts, custom digital products, podcasts, symposiums, medical conferences, newsletters and more, HMP is committed to providing both peer-reviewed and non-peered reviewed medical information to thousands of doctors, nurses, and other allied healthcare professionals who provide care to thousands of Americans annually.
Specific segments include interventional cardiology, vascular disease, electrophysiology, wound care, long-term care, diabetes, arthritis, dermatology, podiatry and specialized primary care. Journals include WOUNDS, Ostomy Wound Management, ECPN, Today's Wound Clinic, The Journal of Invasive Cardiology, Cath Lab Digest, Vascular Disease Management, EP Lab Digest, The Annals of Long-Term Care, Clinical Geriatrics, Skin & Aging, Podiatry Today, and Arthritis Practitioner. HMP also owns the country's largest and most comprehensive annual wound care conference and exhibition, the Symposium on Advanced Wound Care. The SAWC serves as the official meeting for both the Association for the Advancement of Wound Care and the Wound Healing Society and will be presented next year at the San Diego Convention Center, April 24-27, 2008. (www.sawc.net).
"Healthcare is an industry that touches everyone," says HMP's Executive Vice President Peter Norris. "Ensuring that our caregivers have access to the most complete clinical information within their field of expertise is crucial. The HMP staff and contributing medical professionals that are responsible for generating relevant information distributed through HMP Communications are outstanding. This acquisition is an investment in our media as well as the people that make them successful."
In addition to print media, custom books and online products, HMP Communications' subsidiary, the North American Center for Continuing Medical Education (www.NACCME.com) provides a wide array of accredited CME offerings. Industry thought leaders participate in Round Table Meetings, Audio Conferencing, Satellite Video, Webcasts, Symposia, Conferences and Seminars.
"Continuing education is vital to medical professionals and their patients," says Trish Levy, Director of Medical Education. "NACCME offers medical professionals extensive CME programs, providing diverse educational opportunities for clinicians to fulfill their obligation to improve the health of their patient populations."
The company will continue to be based out of Malvern, Pennsylvania with existing management remaining in place.
Berkery, Noyes & Co., LLC represented BG Media Investors in the sale.
Alta Communications (www.altacomm.com) is a Boston-based private equity firm formed in 1996 that focuses exclusively on the media and communications industries. Through a series of Alta limited partnerships, as well as at Alta's predecessor firm, Burr, Egan, Deleage & Co., the investment professionals at Alta have been one of the most active investment teams in the media and communications industries during the last two decades. Including its current $500 million fund, Alta IX, Alta manages over $1.5 billion in capital and has invested in more than 100 portfolio companies.
Peter Norris, 800-237-7285
Posted: August 2007