Overland Park, Kan.—Ascend Media announced Thursday that it has reached an agreement to acquire Medical World Communications. Financial terms of the deal, which is expected to close within 60 days, were not released.
Medical World publishes 50 medical, health care and trade publications and employs 350 people. It is headquartered in Monroe Township, N.J., and its titles include Physician’s Money Digest and National Provisioner.
"The acquisition of Medical World—along with our recent additions of SynerMed and Exhibitor Visibility Worldwide and combined with Ascend’s existing Event Media business—has positioned us as a business-to-business media company with $150 million in revenue," Ascend President-CEO Cameron Bishop said in a statement.
John J. Hennessy, who founded Medical World in 1985 and is currently chairman-CEO, will leave the company.