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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