HMP Global Announces Acquisition of Kestrel Health Information
MALVERN, Pa., March 23, 2021 /PRNewswire/ -- With the continued rise in chronic illnesses from obesity to diabetes, an aging population, and lingering effects from the COVID-19 pandemic contributing to the urgent need for clinically relevant education and information for healthcare professionals who treat and manage patients with acute and chronic wounds, HMP Global, the world's largest healthcare event and education company, today announced it has entered into a definitive agreement to acquire Kestrel Health Information, a virtual conference producer and content provider for wound care clinicians, academics, and other medical professionals. Financial terms of the agreement were not disclosed.
Transaction creates wound care education powerhouse with broad global and professional reach
With the transaction, HMP Global will add a robust range of highly regarded educational assets to its portfolio in a variety of complementary formats, including WoundCon, a series of global, one-day virtual conferences focused on the fundamentals of wound care for licensed healthcare professionals, and the WoundSource Directory, the most trusted resource in the field for clinically reviewed, comparative information on wound care products, services, and related companies.
"We are very enthusiastic about the opportunity this agreement represents," said Jeanne Cunningham, CEO, Kestrel Health Information. "The time is right to join the HMP Global team. This opportunity is highly complementary, combining our market-leading products, our vast global clinician networks, and our shared vision to deliver practical education for professionals to improve outcomes and provide the very best care for patients."
The agreement will further expand the company's presence in all ways throughout the wound care market, resulting in a reach of more than 90% of wound care clinicians in the U.S., more around the world, and will add a host of complementary resources to an existing portfolio of education for professionals across the wound care continuum – at every skill level, practice setting, and career stage, from students, to those engaged in research, to those in advanced clinical practice. For more than 30 years, the company has produced the renowned Symposium on Advanced Wound Care (SAWC), the world's largest in-person gathering of wound care professionals taking place twice a year in the Spring and Fall. Its other brands include the Wound Certification Prep Course, the leading recommended review course by the ABWM Foundation for clinicians interested in preparing for the wound certification board exams, becoming re-certified, or gaining a more advanced understanding in wound care; the Post-Acute Care Symposium, providing practical and clinically relevant education for caregivers within long-term care, home care, and hospice settings; Wound Clinic Business, a series of events focused on optimizing best practices for wound clinic management and reimbursement; as well as a complete portfolio of award-winning print and digital brands that fall under the company's premier digital destination, the Wound Care Learning Network: Wounds, Wound Management & Prevention, Today's Wound Clinic, and Podiatry Today.
"This acquisition solidifies our position as the leading, best-in-class provider of wound care education – giving us reach into every segment of the global wound care market and every practice setting," said Jeff Hennessy, Chairman and CEO, HMP Global. "We have not only expanded the audience we reach, but we have expanded the formats we deliver – in person, virtual, digital, and print – tailored to all levels, from those in the classroom, to those in clinical practice, to those performing vital research. We will now use our position to further accelerate delivery of education and information to these critical healthcare professionals. We look forward to the enormous contributions our new team members will make as part of our expanded group. The Kestrel team, led by Jeanne, has built an incredible portfolio over the past 23 years, and they bring energy, enthusiasm, and expertise – together we will do great things to support our mission of improving patient care."
With this latest addition, HMP Global will produce nearly 400 medical education events across 14 therapeutic areas.
Advisory services for Kestrel Health were exclusively provided by Jeff Gruenhut of Grimes, McGovern & Associates.
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SOURCE HMP Global