Ascend Media reaches agreement to acquire Medical World Communications.Ascend Media (Overland Park, KS), a company formed in 2002 with the backing of J.P. Morgan Partners (New York New York, state, United StatesNew York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) and Veronis Suhler Stevenson (New York), has signed a definitive agreement to acquire Medical World Communications (MWC MWC Mountain West Conference MWC Mary Washington College MWC Mennonite World Conference MWC Married With Children MWC Medium Weight Coated (paper) MWC Municipal Waste Combustion MWC Municipal Waste Combustor MWC Married White Couple ; Monroe Township, NJ) from management and majority owner Great Hill Partners (Boston, MA). No terms of the deal were given. MWC produces about 50 medical, healthcare and b2b magazines and journals and has 350 employees. The company is divided into five main divisions. The Medical Division (Jamesburg, NJ) produces ten journals including American Journal of Managed Care, Pharmacy Times and Resident & Staff Physician, as well as related guides and reports. The Allied Healthcare Group (Los Angeles, CA) produces 16 medical and healthcare journals, including Hearing Products Report, Clinical Lab Products and Medical Imaging, as well as related newsletters, handbooks, trade shows and conferences. The Oral Health Division (Jamesburg, NJ) produces three journals, Dentist's Money Digest, Contemporary Esthetics esthetics: see aesthetics. & Restorative Practice and Contemporary Oral Hygiene Oral Hygiene Definition Oral hygiene is the practice of keeping the mouth clean and healthy by brushing and flossing to prevent tooth decay and gum disease. , continuing education materials and related trade shows and conferences. The Practice Builders Division (South Coast Metro South Coast Metro is an area in Orange County, California loosely defined by its proximity to South Coast Plaza and comprising the parts of Santa Ana and Costa Mesa nearest it. It lies completely within area code 714. , CA) develops educational and marketing services for healthcare professionals while Stagnito Communications (Deerfield, IL) produces 15 specialized food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. magazines, including Food & Drug Packaging, Brand Packaging and Refrigerated & Frozen Foods, conferences, reports and research. The agreement to purchase MWC closely follows Ascend's acquisition of Synermed Communications (Califon, NJ), a producer of continuing medical education continuing medical education See CME. programs, and Exhibitor Visibility Worldwide (Overland Park, KS), a producer of publishing and marketing services for major medical/ healthcare events, last month. Ascend president/CEO Cameron Bishop said the acquisition of the three companies "has positioned us as a business-to-business media company with $150 million in revenue. We have the capability to serve our customers in a uniquely comprehensive manner unlike any other medical publisher." Ascend now produces a variety of conferences, trade shows, databases, magazines and journals for the b2b medical, healthcare and business services industries. Other magazine titles include EXPO Magazine, Pro AV, Casino Journal and International Gaming & Wagering Business. |
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