Healthcare industry publisher HMP has reached an agreement to acquire the Institute for the Advancement of Behavioral Healthcare (IABHC), including a pair of trade magazines and a suite of annual events, from Vendome Group for an undisclosed sum, the Malvern, Pa.-based company announced Monday. HMP's third acquisition in 18 months as part of a pivot toward an events-focused strategy under CEO Jeff Hennessy, the deal includes the quarterly magazines Addiction Professional and Behavioral Healthcare Executive, as well as three national conferences—the National Rx Drug Abuse & Heroin Summit, the National Conference on Alcohol & Addition, and the National Cocaine, Meth & Stimulant Summit—and eight smaller regional summits. "We are in the midst of an alarming public health crisis with devastating consequences," said Hennessy in a statement, "and we believe this agreement represents a real opportunity for HMP to contribute to one of the most important solutions for this crisis." Doug Edwards—who has been with IABHC for 18 years and previously served as editor-in-chief and publisher of the two magazines before rising to IABHC director in 2016—will remain with the group as part of HMP, as will eight other members of the IABHC team. On top last year's acquisitions of the monthly EMS World and the affiliated EMS World Expo, from SouthComm, and medical events organizer Imedex, private equity-backed HMP says its portfolio now comprises some 275 events ranging from regional... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2018-07-10 00:00:00 UTC ]