United Business Media consolidates medical/healthcare assets.

United Business Media (UBM; London), parent of CMP Media (Manhasset, NY) and CMP Information (CMPi; London), will consolidate all of its worldwide medical and healthcare activities into CMPMedica (London) to create a healthcare media division with 2005 pro forma revenues of around 170 million [pounds sterling]. CMPMedica had 2005 revenues of 106.9 million [pounds sterling].

In addition to its existing Asian and European medical media businesses, CMPMedia will take responsibility fir UBM's US and UK healthcare activities, including all of CMP Healthcare Media and its medical magazines, newsletters and continuing medical education business. CMP Media produces 21 healthcare magazines through three divisions, Cliggott Publishing Group, The Oncology Group and The Newsmagazine Group. Magazine titles include "Psychiatric Times," "Diagnostic Imaging," "Applied Neurology" and "Infections in Medicine." The company also produces four newsletters, including "Diagnostic Imaging SCAN" and "Magnetic Resonance Update."

UBM said CMP Media will focus its activities exclusively on the needs of its principal market, the global technology market, noting that over the last 12 months CMP Media has acquired BlackHat, Light Reading, MediaLive, Shorecliff and TechOnLine for $120 million. CMP Media's exhibitions business in the beauty and cruise shipping markets will be transferred to CMPi. Also, CMP Media will in future be known as CMP Technology. The division's 2005 pro forma revenues were around 200 million [pounds sterling]. In 2005, CMP Media had revenues of 225.9 million [pounds sterling].

UBM said that CMPMedica will benefit from healthcare information economies of scale in France, Spain and across Asia, Drug Information Services expertise in France, Spain and Asia, and CME in the UK and US. UBM said the consolidation "will enable CMPMedica to better serve the growing needs of its pharmaceutical customers and its physician audience worldwide.