Physicians Practice Acquired by United Business Media
Largest U.S. healthcare business media to complement CMPMedica's offerings
BALTIMORE -- May 1, 2007 -- Healthcare media company Physicians
Practice, LLC, has been acquired from parent company Med-IQ, LLC,
by United Business Media, PLC, a publicly traded global business
information company based in London.
Based in Baltimore, Physicians Practice and its principal product, Physicians Practice®, America's Leading Practice Management Journal, is distributed to approximately 275,000 office-based physicians and their staff, with business, financial, and legal expertise to assist them in managing their practices more efficiently. The publication is supported by approximately 60 hospital sponsors, and was named 2006 Publication of the Year by the American Society of Healthcare Publication Editors (ASHPE). Investment banking firm DeSilva + Phillips in New York, NY, advised on the sale of Physicians Practice.
While its ownership has changed, the mission and vision of Physicians Practice remains the same: to help physicians manage their practices more effectively so they can focus on improving the health of their patients.
Explaining the acquisition, Henry Elkington, chief executive officer of CMPMedica said: "Physicians Practice has established itself as the leading practice management brand for U.S. physicians. This acquisition will help us deepen our relationship with the primary care community by bringing products that complement our existing portfolio which includes Consultant magazine, www.consultantlive.com and www.searchmedica.com."
"For more than 15 years, physicians and their staff have relied on Physicians Practice to provide them with practice management advice to strengthen their business operations, which results in improved patient care," said Gerry Hartung and Scott Weber, co-founders of Physicians Practice. "As a part of CMPMedica, we will better serve our healthcare constituents with the research, technology, and other additional resources that are now available through CMPMedica."
CMPMedica specializes in delivering healthcare information and education to primary care physicians, specialists, pharmacists, and patients around the world. Providing journals, magazines, directories, drug and other databases, Web sites, live meetings, and other valuable resources, CMPMedica also delivers comprehensive communication solutions for the pharmaceutical and related industries. For more information about CMPMedica, visit www.CMPMedica.com.
About United Business Media PLC
United Business Media PLC is a leading global business media
company. We inform markets and bring the world’s buyers and
sellers together at events, online, in print, and with the
information they need to do business successfully. We focus on
serving professional commercial communities, from doctors to game
developers, from journalists to jewellery dealers, from farmers to
pharmacists around the world. Our 5,000 staff in more than 30
countries are organised into specialist teams that serve these
communities, helping them to do business and their markets to work
effectively and efficiently. For more information, go to www.unitedbusinessmedia.com.
About Physicians Practice
For more than 15 years, healthcare executives have turned to
Physicians Practice to help them cultivate physician relationships.
Physicians Practice®, America's Leading Practice Management
Journal, maintains approximately 60 hospital partnerships and is
distributed to approximately 275,000 practicing physicians. We
create award-winning content and multimedia services to help
community-based doctors in the United States and Canada strengthen
their practice operations, which ultimately improves patient care.
Visit www.PhysiciansPractice.com
for additional information about our acclaimed healthcare business
education solutions.
About Med-IQ
Med-IQ is an innovative healthcare education company that delivers
high quality clinical and practice management content to physicians
and other healthcare professionals through on demand multimedia
programs. For more information, visit www.Med-IQ.com.
For more information, contact:
LaWanda Stone Abernathy
Senior Manager, Corporate Communications
443 543 5144
labernathy@med-iq.com
Catherine Bretz Mullaney, MHA
Vice President, Marketing and Strategic Development
443 543 5154
cbretz@med-iq.com
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