Vestar acquires MediMedia USA

Share this article:
MediMedia USA has changed hands as a private equity consortium. Ciniven, Apax Partners and The Carlyle Group agreed to sell the publisher to New York-based Vestar Capital Partners for just under 500 million euros ($634 million), including debt assumed.

The consortium, which bought the firm from Vivendi in 2002, was advised by Goldman Sachs, and said it made 3.2 times its original equity investment of 250 million euros ($316 million). Vestar was advised by DeSilva & Phillips.

Headquartered in Chatham, NJ, MediMedia boasts 1,400 employees managing its titles, patient education and health management programs.  

Share this article:

Email Newsletters

More in News

Sanofi tightens PCSK9 race, exceeds Q2 expectations

Sanofi tightens PCSK9 race, exceeds Q2 expectations

Sanofi and partner Regeneron attached a $67.5-million priority review voucher to their experimental cholesterol drug alirocumab, making for a tighter race with Amgen.

HHS shows how diabetes adds up

HHS shows how diabetes adds up

A 2005-to-2010 survey shows diabetics 65-and-up juggle at least four co-morbid conditions and five medications for them.

AstraZenca beefs up respiratory portfolio

AstraZenca beefs up respiratory portfolio

AstraZeneca has made an $875-million move to beef up its respiratory pipeline by making Almirall's lineup its own.