$137.8B U.S. ad spend for top 200 advertisers
“We are currently exploring our options,” Ascend CEO Vicki Masseria confirmed.
Ascend’s products include Clinical Lab Products, Hearing Review and Orthodontic Products.
Ownership of the publisher, which had been controlled jointly by management and private equity funds operated by CCMP and Veronis Suhler Stevenson, has reverted to its lenders, led by Wells Fargo, according to the sources.
Communications industry investment bank Berkery & Noyes is said to be handling the sales process.