M&A Update: MJH Life Sciences Buys Another B2B Magazine

MJH Life Sciences, the New Jersey-based medical publisher that expanded dramatically last year in a $100 million acquisition of the former UBM Life Sciences portfolio from Informa plc, announced another purchase on Thursday: Pharmaceutical Commerce, a trade magazine and digital outlet serving the biopharma industry. Terms of the deal were not disclosed. Founded in 2005, Pharmaceutical Commerce claims a controlled circulation of 21,000 for its quarterly print edition, primarily made up of executives at pharmaceutical manufacturers, according to its media kit. “We look forward to tapping into a new market and formalizing relationships with biopharma executive decision-makers in the industry,” said Mike Hennessy Jr., president and CEO of MJH Life Sciences, in a statement. “The acquisition of Pharmaceutical Commerce serves as a perfect complement to the publications already in our portfolio.” Nicholas Basta, Pharmaceutical Commerce's founder and editor-in-chief, will remain with the magazine through the end of 2020 to help ensure a smooth transition, MJH said. Cahaba Media Group Sold to Local Owners Elsewhere on the M&A wire, Cahaba Media Group, a Birmingham, Ala.-based publisher of the trade magazines Pumps & Systems, Construction Business Owner and HomeCare, has sold a majority stake in itself to local businessmen Matthew Conroy and Matt Lyons. The sale comes as 17-year-old Cahaba's founder and CEO, Wally Evans, plans to retire. He'll remain involved with the... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2020-07-09 18:18:12 UTC ]
News tagged with: #ma wire #-based publisher #majority stake #advertising partners #existing properties #home town

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M&A Update: MJH Life Sciences Buys Another B2B Magazine

MJH Life Sciences, the New Jersey-based medical publisher that expanded dramatically last year in a $100 million acquisition of the former UBM Life Sciences portfolio from Informa plc, announced another purchase on Thursday: Pharmaceutical Commerce, a trade magazine and digital outlet serving... Continue reading at Folio Magazine

[ Folio Magazine | 2020-07-09 18:18:12 UTC ]
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Best Life Magazine Finds a Second Life as a Digital Brand

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How Chinese science fiction went from underground magazines to a Netflix blockbuster

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Literary magazines can be life-changing – but they need more support

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A science fiction magazine closed submissions after being bombarded with stories written by ChatGPT

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New York Times Magazine’s Pages Come to Digital Life Through Google Partnership

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M&A Update: Wainscot Acquires Two B2B Mags from Scranton Gillette

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Bustle Digital Group Buys Nylon Magazine, Plans to Relaunch Print

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[ Folio Magazine | 2019-06-27 16:31:12 UTC ]
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Wainscot Media Acquires Pair of Fashion Industry B2B Magazines

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Life After Print: How 3 Magazines Are Navigating Their New Business Models

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Salesforce's Marc Benioff is buying Time magazine, boosting his influence

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Salesforce Billionaire Marc Benioff Agrees to Buy Time Magazine

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