Quadrant HealthCom Buys IMNG From Elsevier:
Healthcare media company Quandrant HealthCom Inc. has purchased the International Medical News Group from Elsevier, Inc. Quadrant, which is owned by investment firm M.E. Zukerman, will use the deal to create a new company called Frontline Medical Communications under which the two entities will operate their individual brands. Combined, company revenues are now over $60 million.
By itself, Parsippany, New Jersey-based Quadrant publishes 13 medical journals, 24 websites and 10 events. In late 2009, the company bought four medical journals in the Dowden Professional Publications group from Lebhar-Friedman.
But with the IMNG deal, Quadrant greatly expands its brands and audience reach. Frontline Medical Communications will produce 29 publications in 17 market segments with a combined circulation of 700,000, say the companies. The group will also publish 125 e-newsletters, 35 websites and 14 live events.
