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Thomson Medical Education Acquired by ABRY Partners, Renamed KnowledgePoint360 Group
April 23, 2007 (BOSTON) -- Thomson Medical Education, a leading
worldwide provider of medical communications services and accredited
continuing medical education, has been acquired by ABRY Partners, LLC,
from the Thomson Corporation and has been renamed KnowledgePoint360
Group, LLC. Terms of the transaction were not disclosed.
KnowledgePoint360 Group serves the global pharmaceutical industry
through such renowned and trusted business units as the
Gardiner-Caldwell Group, Professional Postgraduate Services, Physicians
World, Scientific Connexions, Physicians World Speakers Bureau, Acumed,
Geomed, and Interphase. It is headquartered in Secaucus, N.J., with
additional offices in Macclesfield and London, U.K.; Newtown, Pa., New
York, Chicago, and Santa Clara, Calif.; and Mannheim, Germany.
“We are delighted to be entering the health information sector
through our investment in KnowledgePoint360,” said C.J. Brucato III,
principal of ABRY Partners. “This is a highly diversified, global
business with a leading market position, strong management team, and
excellent opportunities for further growth.”
Jon Bigelow will serve as President and CEO of KnowledgePoint360
Group. Mr. Bigelow was formerly President of Cliggott Publishing Co.
and Group VP/General Manager of CMPMedica; he also is past President of
the Association of Medical Publications. “I’m very pleased to be
working with ABRY Partners, with an excellent management team, and with
over 600 dedicated professionals at KnowledgePoint360 to extend the
company’s tradition of quality educational programs for busy
clinicians, and excellent communications and educational support
services for leading pharmaceutical companies,” said Mr. Bigelow. “We
look forward to further expanding the scope of our offerings in coming
months.”
About KnowledgePoint360 Group, LLC
KnowledgePoint360 Group, LLC, is a leader in educating busy
physicians and other health providers about diagnosis and management
issues. It offers comprehensive publication planning services; live
educational programs ranging from Congresses to satellite symposia to
dinner meetings; branded initiatives on common diseases incorporating
Web, print, audio, and live components; strategic consulting; and
speaker training and management services.
About ABRY Partners, LLC
Based in Boston, ABRY Partners, LLC is a private investment firm
specializing in the media, communications, and business services
sectors. Since 1989, ABRY has completed over $18 billion in leveraged
transactions and other private equity and mezzanine investments,
involving more than 450 properties. ABRY currently has about $2.8
billion of total capital under management.