Malvern, Pa.-based HMP Communications, a privately held medical publishing and communications
company, has acquired MultiMedia Healthcare/Freedom, a subsidiary of Freedom Communications Inc.
Financial terms of the transaction were not disclosed.
In a statement, HMP said the acquisition complements its wound care group and "will considerably
increase its position in the geriatric marketplace, doubling its size within this market." The
combined entity, operating under the name HMP Communications, increases the number of healthcare
publications HMP produces to 12.
"This acquisition builds upon HMP's existing publications and services geared toward the aging
population and complements HMP's offering across all company divisions," Charles Benaiah, president
and chief operating officer of HMP Communications, said in the statement. "As we set out this year
to build upon HMP's core capabilities, in MMHC we found a company with synergistic opportunities
for growth. Following the acquisition, HMP will have increased its infrastructure and resources
to best serve our customer base and our increased size positions HMP as a true leader in healthcare
publishing across multiple disciplines."
HMP will acquire MMHC publications Clinical Geriatrics, a peer-reviewed journal focused on issues
related to the diagnosis and management of long term care patients, and Annals of Long Term Care,
a peer-reviewed medical journal focused on issues related to the treatment and management of the
mature patient. In addition, MMHC provides a broad range of consultative communications services
to pharmaceutical clients through its Programs in Medicine division, which complements HMPs's
MedPro and NACCME divisions. HMP plans to maintain MMHC's Princeton office.