Tuesday, November 05, 2013
Brentwood, TN (PRWEB) November 05, 2013 -- BLR®—Business & Legal Resources—announces the acquisition of the HCPro and HealthLeaders Media brands and certain assets. BLR® is the leading compliance information provider for Human Resources, Environmental, Safety, and Employee Training professionals. HCPro is a leading provider of integrated information, education and training in the vital areas of healthcare regulation and compliance.
“For more than 20 years, HCPro has built a reputation for top quality content, solutions and training. It serves its audience of healthcare professionals with the same passion and commitment that drive the team at BLR®,” said BLR® CEO Dan Oswald. “Bringing these two companies together allows us to continue to expand our business as the leader in compliance information, training, and related solutions.”
“We are delighted that HCPro and Health Leaders will continue to provide their exceptional, valued services to clients in the marketplace under BLR® ownership,” said HCPro CEO Jim Malkin. “At the same time, we are excited to continue to serve the professional clients of The Greeley Company, which will continue its strategic growth under our ownership.”
Terms of the deal were not disclosed. Tom O’Connor, Managing Director for Berkery Noyes & Co. LLC, led the transaction team on behalf of HCPro. Berkery Noyes has been involved with many of the most notable transactions in the healthcare/life science, technology and information sectors involving both financial and strategic buyers and sellers. Berkery Noyes acted as HCPro’s exclusive financial advisor in its negotiations with BLR®.
The acquisition was financed with the assistance of NewStar Financial, Northcreek Mezzanine and Tenth Street Capital.
About Berkery Noyes
Berkery Noyes provides strategic mergers and acquisitions (M&A) transaction advisory services to middle-market healthcare, technology and information companies in the United States and internationally. The firm has advised many notable companies including Compliance Week to The Wilmington Group, ExitCare in its sale to Elsevier, Therapeutic Research in its sale to Francisco Partners, H.W. Wilson in its sale to EBSCO and UpToDate in its sale to Wolters Kluwer. For more detailed information, please visit: http://www.berkerynoyes.com.