The McGraw-Hill Companies Sells Healthcare Information Group to Specialist Publisher, Vendome Group
Posted on: Tuesday, 8 November 2005, 18:00 CST
NEW YORK, Nov. 8 /PRNewswire-FirstCall/ -- The McGraw-Hill Companies today announced that it has sold its Healthcare Information Group to specialist publisher, Vendome Group, LLC. Terms were not disclosed.
The Healthcare Information Group comprises magazines The Physician and Sportsmedicine, Postgraduate Medicine and Healthcare Informatics, as well as a variety of healthcare information programs that serve the medical market.
"Divesting this business is consistent with our strategy to direct resources where we have the best opportunities to achieve both financial growth and market leadership," said Scott Marden, president of McGraw-Hill Information and Media Services. "We remain strongly focused on building our key business information and market insight franchises which include J.D. Power and Associates, BusinessWeek, Platts, McGraw-Hill Construction and Aviation Week."
About The McGraw-Hill Companies:
Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, BusinessWeek and McGraw-Hill Education. The Corporation has more than 300 offices in 40 countries. Sales in 2004 were $5.3 billion. Additional information is available at http://www.mcgraw-hill.com/.
About the Vendome Group, LLC:
The Vendome Group, LLC, was founded in July 2004 to take advantage of favorable opportunities in the information and media publishing markets. Today, Vendome Group has completed the acquisition of five leading information businesses which encompass a wide breadth of growth markets ranging from commercial and residential real estate to health care facilities and practice, and sourcing of chemicals and bulk pharmaceuticals worldwide.
The McGraw-Hill Companies
CONTACT: The McGraw-Hill CompaniesSteven H. WeissVice President, Corporate Communications(212) 512-2247 (office)(917) 699-9389 (mobile)weissh@mcgraw-hill.comThe Vendome Group, LLCJane ButlerPartner(212) 812-8422 (office)jbutler@vendomegrp.com
Web site: http://www.mcgraw-hill.com/
Source: PRNewswire-FirstCall
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