June 2005 — Haights Cross Communications (HCC; White Plains, New York), an education and library publisher, has acquired CMEinfo.com (Cherry Hill, NJ), a publisher of multimedia continuing medical education (CME) products and services. CMEinfo.com will become a part of HCC's Oakstone Medical Publishing (Birmingham, AL) unit. No terms of the deal were given. Merger and acquisition advisory firm Whitestone Communications, Inc., initiated this transaction on behalf of HCC.
CEMinfo.com partners with medical institutions, including Mayo Clinic, Cleveland Clinic, Harvard, UCLA, UC-San Francisco, and the University of Chicago, among others, to provide programs that help doctors prepare for Board certification and re-certification exams and master the latest clinical procedures. Courses are offered in video and audio formats. The company, established in 1989, also produces live courses for physicians through its National Center for Advanced Medical Education. The company currently offers over 45 courses containing nearly 2,000 hours of CME-programming across 22 medical and health care disciplines.
Oakstone Medical Publishing provides subscription summaries and critical reviews of medical journal articles, in audio and electronic formats, for more than 30 medical, dental and allied health specialties. Affiliations exist with medical institutions such as Johns Hopkins School of Medicine and the American College of Physicians.
HCC Chairman Peter J. Quandt said the acquired company "is well-regarded in its market segment and is an ideal complement to our Oakstone Medical Publishing business. We expect this acquisition to further drive Oakstone Medical's growth, profitability and leadership position."
