Montvale, N.J.—Carroll Dowden, president of Dowden Health Media, confirmed Monday that he is in discussions to sell the company to Lebhar-Friedman.
Dowden said the deal was not finalized but could be completed within six weeks. The deal would expand Lebhar-Friedman well beyond its food services core market, which is anchored by Nation's Restaurant News , and into the fast growing health care media sector.
Media investment bank DeSilva & Phillips is representing Dowden Health Media in the negotiations.
"I have a very high regard, personally and professionally, for Roger Friedman [president of Lebhar-Friedman]. And culturally I think it’s a good fit between our two companies," Dowden said.