New York, August 21, 2007 -- Berkery Noyes announced today that the firm represented BG Media Investors on the sale of its portfolio company HMP Communications ("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 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.
"This is an excellent match with Alta Communications backing seasoned information veterans with a winning healthcare and information franchise." said Tom O’Connor, the Berkery Noyes Managing Director who managed the transaction on behalf of BG Media Investors
Paul Mackler, who will assume the role of HMP President & CEO said, "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."
"Healthcare is an industry that touches everyone," HMP’s Executive Vice President Peter Norris said. "Insuring 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."
Berkery Noyes acted as exclusive financial advisor to BG Media Investors on the sale of HMP Communications. Berkery Noyes has been involved with many of the most notable transactions in the healthcare, pharmaceutical tools and services, and medical marketing sectors involving both strategic and financial buyers and sellers.
About HMP Communications
HMP Communications is a medical information provider dedicated to ensuring the availability and affordability of excellence in healthcare education. Our readers and customers range from physicians/clinicians recognized for their expertise to influential industry leaders, novice care providers, and healthcare consumers — all committed to the provision of quality care. More information is available for HMP Communications at www.hmpcommunications.com
About Alta Communications
Alta Communications is a Boston-based private equity firm formed in 1996 that focuses exclusively on the media and communications industries. Information about Alta Communications is available at www.altacomm.com
About Berkery Noyes
Berkery Noyes is an investment bank specializing in mergers and acquisitions in the information, technology, content and communications industries. Berkery, Noyes’ clients include private companies seeking a buyer as well as companies and private equity firms who use BNC's expertise in identifying, analyzing and negotiating with acquisition candidates and in managing divestitures. The firm operates with a staff of thirty-two professionals from its office in New York. More information is available at www.berkerynoyes.com.