Wilmington acquires HSJ
Wilmington plc has acquired Health Service Journal (HSJ) from Ascential plc. HSJ is the UK’s pre-eminent health information, insight and networking business. The acquisition adds further strength to the existing Wilmington healthcare businesses, and will enable the combined group to provide unparalleled services into the NHS and private vendor space through subscription information and analytics products, events, awards, education, and marketing solutions.
HSJ comprises digital subscription product HSJ.co.uk, fast growing digital information product HSJ Intelligence, 11 annual networking events and HSJ Marketing Services.
HSJ will combine with Wilmington Healthcare and will significantly enhance the company’s UK presence and growing portfolio, which already includes Binley’s, NHiS, OnMedica and Wellards. It is expected that the existing HSJ team, led by managing director Andy Baker and editor Alastair McLellan, will remain with the business.
HSJ revenue for the 12 months ended 31 December 2016 was £10m.*
The acquisition helps Wilmington to provide for the growing needs of providers, payers, the private sector in Pharma and MedTech and other healthcare organisations. By way of example, this is likely to include the combining of qualitative and quantitative analysis to support clients, including the NHS. The combination also offers opportunities to build on HSJ’s leading position in events, complemented by Wilmington Healthcare’s deep relationships with its customers and its existing events business.
Commenting on the acquisition Pedro Ros, Chief Executive of Wilmington plc, said:
"I am pleased to be announcing this acquisition of HSJ, which represents an exciting opportunity for Wilmington to acquire a brand of exceptional status in the UK healthcare market, a primary source of critical information and insight to senior management and decision-makers in the NHS and wider healthcare sector. I'm delighted to welcome HSJ to Wilmington, a highly complementary and earnings enhancing acquisition. Together with our Wilmington Healthcare business, the combination will become a central presence across the UK healthcare market. This will open up a number of important cross-selling and networking opportunities for us to provide even more powerful, market leading insight to our clients."
Alastair McLellan, Editor of HSJ, said:
"We are very pleased to be joining Wilmington and we look forward to providing critical information and insight to the healthcare industry under new ownership. Collaborating together with Wilmington's existing Healthcare business will bring a range of new information services and networking opportunities and we look forward to the challenge with confidence."
Andy Baker, Managing Director of HSJ added:
"HSJ is highly respected for the quality of its content and its journalism and the acquisition will further support Wilmington's market leading content acquisition and analysis. It's incredibly exciting for HSJ to be joining a business as committed to healthcare as Wilmington and I think it bodes extremely well for HSJ's subscribers and customers."
*Please refer to our announcements of 19 Jan 2017 http://otp.investis.com/clients/uk/wilmington_2/rns/regulatory-story.aspx?cid=125&newsid=838067 and 1 Feb 2017 http://otp.investis.com/clients/uk/wilmington_2/rns/regulatory-story.aspx?cid=125&newsid=840580 on our investor pages for full information.
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