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Parsippany, N.J.—Healthcare media company Quadrant HealthCom has acquired the International Medical News Group from Elsevier. Financial terms of the deal were not disclosed.
Quadrant, owned by investment firm M.E. Zukerman & Co., will use the deal to create a new entity, called Frontline Medical Communications, under which Quadrant and IMNG will operate as individual brands.
Frontline Medical Communications will produce 29 publications in 17 market segments with a combined circulation of more than 700,000 physicians and healthcare professionals. The group will also publish 125 e-newsletters, 35 websites and 14 live events.
IMNG President-CEO Alan Imhoff will remain in his role. He will join Marcy Holeton, president-CEO of Quadrant; JoAnn Wahl, president-custom solutions at Quadrant; and Doug Grose, CFO of Quadrant, in a combined Office of the President. Stephen Stoneburn becomes chairman of the Office of the President and Frontline Medical Communications. He had been chairman-CEO of Quadrant.
DeSilva+Phillips represented Elsevier in the transaction.
Quadrant was founded in 1996 when M.E. Zuckerman acquired the assets of the Excerpta Medica Division of Reed Elsevier.