New York, January 22, 2016 — Wafra Partners LLC and its affiliates (“Wafra”) are pleased to announce the acquisition of Interactivation Health Networks, LLC, d/b/a The Wellness Network by an entity formed by the clients of Wafra, as well as Patrick Clifford and James “Hal” Higby. Interactivation Health Networks, LLC, d/b/a The Wellness Network was acquired from entrepreneurs and investors, Joe Covey and Matthew Davidge. Wafra and its co-investors are executing on a planned build-up in the patient education and engagement industry.
The Wellness Network is the largest and most comprehensive multi-platform hospital education network, with over 2300 hospital relationships. Products include the largest in-hospital parenting TV network in the U.S. (The Newborn Channel) and the largest in-hospital health information TV network in the U.S. (The Patient Channel). In addition, the company has complementary products in patient education such as (Your NICU Baby), the MedSerenity Channel, Logicare patient instructions and discharge information products, e.Track electronic medical records integration. In addition, The Wellness Network partners with partnerships with American Heart Association/American Stroke Association for targeted stroke and heart patient education, and with Joint Commission Resources to provide continuing education to hospital staff.
Berkery, Noyes & Co., LLC served as financial advisors to Interactivation Health Networks, LLC for this transaction.
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 numerous privately owned companies, private equity firms in the sales of portfolio companies and strategic companies in divestures including HMP Communications Holdings, LLC in the recapitalization of its business; Medworxx Solutions in its sale to Aptean; BV Investment Partners in the sale of its portfolio company, Oakstone Publishing, to Ebix; Amirsys in its sale to Elsevier; Haights Cross Communications in its sale of Recorded Books to Wasserstein & Co.; Halyard Capital in the sale of HCPro and HealthLeaders Media Brands to BLR; Haymarket Media in the sale of 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: www.berkerynoyes.com.