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BtoB

UBM buys Oncology Group, Cliggott from SCP Communications

Published on .

London--United Business Media announced Monday that it has acquired the Oncology Group and Cliggott Publishing from SCP Communications for $37.5 million in cash.

Titles in the deal include Oncology, Oncology News International and Consultant.

UBM plans to integrate the acquisition into CMP Healthcare Media, the health care division of CMP Media in the U.S.

“These leading titles are an excellent fit with the current portfolio and give CMP Healthcare Media, whose revenues grew by 14% in the first half of 2003, a platform to develop new multimedia professional education products for the oncology market--products which can be promoted by CMP Healthcare publications,” said Gary Marshall, CMP Media’s CEO, in a statement.

--Sean Callahan

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