Ascend Media has sold its Healthcare Media Group to Intellisphere LLC

Ascend Media has sold its Healthcare Media Group to Intellisphere LLC

Ascend Media has sold its healthcare media group, consisting of The American Journal of Managed Care, Cardiology Review, Pharmacy Times, Resident & Staff Physician and four other titles, to Intellisphere, LLC

The seller and the properties
About Ascend Media LLC

Ascend Media is a diversified business media company that owns and operates professional magazines and journals; organizes trade shows, conferences and educational programs; and maintains online properties and databases serving the medical and healthcare industry. In the medical, custom event media and allied healthcare industries, the company publishes more than 30 journals and magazines and serves more than 40 medical associations with daily newspapers, directories and marketing programs, as well as organizes continuing medical education programs and symposia.

Ascend Media was formed and incorporated in 2002.  The company is financially backed by two of the world’s most prestigious private equity firms, CCMP Capital (formerly J.P. Morgan Partners) and Veronis Suhler Stevenson. Ascend Media is headquartered in Overland Park, KS. For additional information: www.ascendmedia.com.

The Ascend Media assets purchased by Intellisphere include the following print publications and affiliated online properties:

—   The American Journal of Managed Care (www.ajmc.com)
—  Cardiology Review (www.cardiologyreviewonline.com)
—  Pharmacy Times (www.pharmacytimes.com)
—  Resident & Staff Physician (www.residentandstaff.com)
—  Surgical Rounds (www.surgicalroundsonline.com)
—  Family Practice Recertification (www.fpronline.com)
—  Internal Medicine World Report (www.imwr.com)
—  Physician’s Money Digest (www.pmdlive.com)

The buyer
About Intellisphere (www.medng.com)

A pioneer in the integration of print and Internet media, Intellisphere, LLC is the publisher of the award-winning series of MDNG journals, custom publications, websites, and e-mail newsletters (eDigests) (www.mdng.com). Published in nine editions with a unique, contemporary voice, style, and look, MDNG explores technology, computers, and the Internet, from the very practical to the most sophisticated, and the impact they have on the professional and personal life of the physician. Connecting more than a quarter of a million physicians and specialists to current and emerging healthcare technology trends, hundreds of online resources, and the latest breakthroughs affecting their medical practice, the MDNG series of publications, sites, and custom products have continually profiled the best online content for physicians, patients, and their caregivers.

Details
Transaction TypeM&A Sell-side
ClientHealthcare Media Group
Sold toIntellisphere LLC
IndustryHealthcare / Media
DateFebruary 2008