M&A Deal Summary

WebMD Health Acquires Jobson Healthcare Information

On June 11, 2018, WebMD Health acquired information services company Jobson Healthcare Information from Wicks Group and NewSpring Capital

Acquisition Highlights
  • This is WebMD Health’s 2nd transaction in the Information Services sector.
  • This is WebMD Health’s 9th transaction in the United States.
  • This is WebMD Health’s 2nd transaction in New York.

M&A Deal Summary

Date 2018-06-11
Target Jobson Healthcare Information
Sector Information Services
Buyer(s) WebMD Health
Sellers(s) Wicks Group
NewSpring Capital
Deal Type Add-on Acquisition

Target

Jobson Healthcare Information

New York, New York, United States
Jobson Healthcare Information LLC is an integrated healthcare information and marketing services provider. Through its diversified, multi-media portfolio of marketing services, information databases, trade publications, medical education programs, events, websites and other digital and traditional media services, JHI is uniquely positioned to reach, educate and influence a highly targeted network of approximately one million healthcare professionals across more than 20 specialties. Jobson Healthcare Information LLC was founded in 1958 and is based in New York city.

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Buyer(S) 1

Buyer

WebMD Health

New York, New York, United States

Category Company
Sector Digital Media
Employees1,700
Revenue 705M USD (2016)
DESCRIPTION

WebMD Health Corp. is a provider of health information services, serving consumers, physicians, healthcare professionals, employers, and health plans through our public and private online portals, mobile platforms and health-focused publications. WebMD Health Corp. is based in New York City.


DEAL STATS #
Overall 9 of 25
Sector (Information Services) 2 of 3
Type (Add-on Acquisition) 8 of 23
State (New York) 2 of 4
Country (United States) 9 of 20
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-19 QualityHealth

Jersey City, New Jersey, United States

QualityHealth is a platform for identifying patients at large scale, and activating them to take relevant health-specific actions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 MediQuality

Louvain-la-Neuve, Belgium

MediQuality is a digital and online provider of information for health care professionals in Benelux (Belgium, the Netherlands, and Luxembourg). MediQuality reaches more than 50,000 physicians and other health care professionals each month, providing medical news and information, and comprehensive coverage of major medical congresses and conferences. In addition, an authenticated and trusted online community generates physician engagement and real-time, peer-to-peer discussions of clinical trends and issues.

Buy -

Seller(S) 2

SELLER

Wicks Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Wicks Group is a private equity firm focused on selected segments of the communications, information and media industries. Wicks targets privately held or non-core divisions of large corporations with high-margins, limited competitive environment, and strong cash flow potential. Specific areas of interest include special interest publishing (trade magazines, workplace training, reference publishing, consumer magazines), business information services, (market information, specialized databases, consumer research), television broadcasting, radio broadcasting, newspapers, cable television, and outdoor advertising. The Wicks Group was formed in 1989 and is based in New York City.


DEAL STATS #
Overall 21 of 26
Sector (Information Services) 2 of 2
Type (Add-on Acquisition) 9 of 13
State (New York) 5 of 6
Country (United States) 21 of 26
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-02 New Mountain Learning

Saint Paul, Minnesota, United States

New Mountain Learning LLC is a provider of blended learning solutions to K-12 and higher education institutions across North America. With a 60+ year history, New Mountain's EMC brand develops and distributes its market-leading digital literacy platform, Passport, directly to its K-12 school district customers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 Syndigo

Chicago, Illinois, United States

Syndigo is a provider of digital content and retail omnichannel optimization solutions for the consumer-packaged goods and fast-moving consumer goods industries. Syndigo is based in Chicago, Illinois.

Sell -
SELLER

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 48 of 86
Sector (Information Services) 2 of 2
Type (Add-on Acquisition) 29 of 48
State (New York) 3 of 6
Country (United States) 47 of 85
Year (2018) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-10 Vybe Urgent Care

Philadelphia, Pennsylvania, United States

vybe urgent care operates the major network of walk-in urgent care centers in the greater Philadelphia region, with a focus on high-quality medical care and unparalleled patient service. The Company’s vision is that everyone deserves great care, which is driving development across the region and a unique focus on patient experience. Urgent care is rapidly becoming the new way to be seen for many healthcare consumers. Frustrated with long waiting times to see a primary care physician and the high cost of emergency room visits, consumers appreciate the walk-in access and reasonable price points of urgent care centers. vybe provides a broad range of injury and illness treatments, physical exams, and occupational health and workers’ compensation treatments. Vybe Urgent Care was founded in 2016 and is based in Philadelphia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-06 TotalCareRX

Oakland Gardens, New York, United States

TotalCareRX is a provider of specialty and long-term care pharmacy services to chronically ill patients primarily in transplant care, Cystic Fibrosis, HIV, and oncology therapeutic areas. TotalCareRX was founded in 1988 and is based in Oakland Gardens, New York.

Buy -