MALVERN, Pa., Aug. 26 /PRNewswire/ -- HMP Communications, LLC, a privately-held medical publishing and communications company serving the healthcare professional, today announced that it has acquired MultiMedia Healthcare/Freedom, LLC (MMHC), a subsidiary of Freedom Communications, Inc. The acquisition complements HMP's wound care group and will considerably increase its position in the geriatric marketplace, doubling its size within this market. The combined entity, which will go under the name HMP Communications, increases the number of healthcare publications the Company produces to 12. Financial terms of the transaction were not disclosed.
"This acquisition builds upon HMP's existing publications and services geared toward the aging population and complements HMP's offering across all company divisions," said Charles Benaiah, President and Chief Operating Officer of HMP Communications, LLC. "As we set out this year to build upon HMP's core capabilities, in MMHC we found a company with synergistic opportunities for growth. Following the acquisition, HMP will have increased its infrastructure and resources to best serve our customer base and our increased size positions HMP as a true leader in healthcare publishing across multiple disciplines."
Under terms of the agreement, HMP will acquire MMHC publications Clinical Geriatrics, a peer-reviewed journal focused on issues related to the diagnosis and management of long term care patients, and Annals of Long Term Care, a peer-reviewed medical journal focused on issues related to the treatment and management of the mature patient. In addition, MMHC provides a broad range of consultative communications services to pharmaceutical clients through its Programs in Medicine division, which complements HMPs's MedPro and NACCME divisions. HMP plans to maintain MMHC's Princeton office.
"We are excited about the synergies offered by incorporating Clinical Geriatrics and Annals of Long Term Care with HMP's other publications. We believe that our dominance with device companies, coupled with the pharmaceutical focus of the acquired titles enables HMP to offer our clients one of the broadest and deepest product offerings in our five target medical disciplines. I look forward to working with the publishers, editors, and other members of these publications' teams to effectively meet the needs of these specialist medical communities," said Mr. Benaiah.
About MultiMedia Healthcare/Freedom, LLC
MMHC produces peer-reviewed, indexed journals that focus on geriatrics and long term care. In addition, MMHC offers cutting-edge original research on the impact of gender in key therapeutic areas, and clinical information on the medical and management issues of home care medicine.
Freedom Communications, Inc., headquartered in Irvine, Calif. is a privately owned diverse media company of newspapers, broadcast television stations and interactive media businesses. The company publishes 28 daily and 37 weekly newspapers, with a combined daily circulation of more than 1.2 million subscribers. The broadcast division includes eight stations including five CBS and three ABC network affiliates.
About HMP Communications, LLC
HMP is a leading medical publisher with 12 journals focusing on wound care, dermatology, cardiology, geriatrics and long term care. The Company also provides symposium proceedings, review articles, newsletters, consultative communications services, custom publishing and company supported journals. The North American Center for Continuing Medical Education is an independent entity providing on-going medical educational programs and is an accredited sponsor of continuing education. The Company operates from three offices in New Jersey, Pennsylvania and Michigan.
HMP Communications, LLCCONTACT: Charles Benaiah, President and Chief Operating Officer, HMPCommunications, LLC, +1-610-560-0500; or Rhonda Chiger (media) of RxCommunications Group, LLC, +1-917-322-2569
