NEW YORK, Aug. 21 Berkery Noyes announced today that thefirm represented BG Media Investors on the sale of its portfolio company HMPCommunications ("HMP") to Paul Mackler, Ken Fisher, and Alta Communications.Terms of the transaction were not disclosed.
HMP, launched in 1985, has grown significantly over the past two decadesto become the premier resource for medical information and education in selecttherapeutic fields. Today, HMP Communications reaches tens of thousands ofhealthcare professionals providing medical information, groundbreakingresearch and continuing medical education through its journals, newsletters,books, CD's, meetings, conferences, exhibitions, symposia, and online.
"This is an excellent match with Alta Communications backing seasonedinformation veterans with a winning healthcare and information franchise,"said Tom O'Connor, the Berkery Noyes Managing Director who managed thetransaction on behalf of BG Media Investors.
Paul Mackler, who will assume the role of HMP President & CEO said, "Weare very pleased to be partnering with Peter Norris, executive vice presidentof HMP and the existing management team given how well they have built thecompany. We intend to pursue strategic bolt-on acquisitions that will enhanceand strengthen the company's position in each market served, enabling HMP toexpand its products and services to its valued customers and clients."
"Healthcare is an industry that touches everyone," HMP's Executive VicePresident Peter Norris said. "Insuring that our caregivers have access to themost complete clinical information within their field of expertise is crucial.The HMP staff and contributing medical professionals that are responsible forgenerating relevant information distributed through HMP Communications areoutstanding. This acquisition is an investment in our media as well as thepeople that make them successful."
Berkery Noyes acted as exclusive financial advisor to BG Media Investorson the sale of HMP Communications. Berkery Noyes has been involved with manyof the most notable transactions in the healthcare, pharmaceutical tools andservices, and medical marketing sectors involving both strategic and financialbuyers and sellers.
About HMP Communications -- HMP Communications is a medical informationprovider dedicated to ensuring the availability and affordability ofexcellence in healthcare education. Our readers and customers range fromphysicians/clinicians recognized for their expertise to influential industryleaders, novice care providers, and healthcare consumers -- all committed tothe provision of quality care. More information is available for HMPCommunications at www.hmpcommunications.com
About Alta Communications -- Alta Communications is a Boston-based privateequity firm formed in 1996 that focuses exclusively on the media andcommunications industries. Information about Alta Communications is availableat www.altacomm.com
About Berkery Noyes & Co., LLC -- Berkery Noyes is an investment bankspecializing in mergers and acquisitions in the information, technology,content and communications industries. Berkery Noyes' clients include privatecompanies seeking a buyer as well as companies and private equity firms whouse BNC's expertise in identifying, analyzing and negotiating with acquisitioncandidates and in managing divestitures. The firm operates with a staff ofthirty-two professionals from its office in New York. More information isavailable at www.berkerynoyes.com.
SOURCE Berkery Noyes