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LEBHAR-FRIEDMAN, INC. ACQUIRES DOWDEN HEALTH MEDIA
Dateline: Sunday, April 03, 2005
Contact Name: Nikki Pirrello
Contact Phone: 212-756-5010
E-Mail: rfriedman@lf.com
New York, NY April 1, 2005 - Lebhar-Friedman has acquired Dowden Health Media, a 16-year-old producer of medical journals, consumer magazines, newsletters and physician education programs, completing a merger of two distinguished family-owned publishing companies, according to Mr. J. Roger Friedman, President & CEO of Lebhar-Friedman, Inc.
Dowden Health Media will become a subsidiary and operate as the medical publishing division of Lebhar-Friedman, the leading independent publisher and provider of information serving the retail and food service communities and their vast supplier networks. Owned by the family that founded it 80 years ago, Lebhar-Friedman´s diverse interests include Nation´s Restaurant News, Drug Store News, Chain Store Age, Home Channel News and DSN Retailing Today, plus event and association management activities.
Readers and suppliers of both companies´ print and electronic products will benefit from the extensive editorial network and combined resources that this merger provides.
With this acquisition, Lebhar-Friedman has achieved several important goals. "We constantly look for ways to diversify our revenue streams so that we can ensure the longevity and continued prosperity of Lebhar-Friedman while offering increased opportunities to our employees," said Mr. Friedman. "Dowden Health Media brings us closer to those goals by providing deeper access to the rapidly growing health care market a market with which we are already familiar through our Drug Store News products. We have also allied ourselves with a family-owned company whose values are in line with our own a company with a deep commitment to the welfare of its customers and employees."
Carroll Dowden, founder and CEO of Dowden Health Media, says, "This transaction will enable us to fulfill our goals of further expansion into the healthcare and specialty consumer magazine markets, while insuring that we are a vital part of a company with similar values."
Dowden Health Media will continue to operate from offices in Montvale, N.J., and Northbrook, Ill., under current management with long-term employment agreements. Lebhar-Friedman´s principal office is in New York with other facilities in Tampa, Fla., and Louisville, Ky., as well as business interests in Japan and Spain.
DeSilva & Phillips, the New York investment bank, acted as advisor to Dowden Health Media in this transaction.
Further Information contact J. Roger Friedman, 212-756-5010 or rfriedman@lf.com
Lebhar-Friedman is the leading independent publisher and provider of information serving the retail and food service community and its vast supplier network. For 80 years, Lebhar-Friedman has been committed to providing timely, provocative and essential information to its more than half a million subscribers. Its major brands include:
· Chain Store Age
· Drug Store News
· Nation´s Restaurant News
· DSN Retailing Today
· Home Channel News
· Retailpeople
· Consumer Health Publications
· Chain Store Guides
· Home Improvement Research Institute
· Lebhar-Friedman Books
· Diamond-Friedman Co., Ltd.
· Darioipmark
· FSA Group
Dowden Healthcare Media is one of the few health media companies that specialize in health care communications to both consumers and physicians. This dual specialization gives Dowden a complete perspective on the real world of clinical care, bringing added value to its audiences and its clients.
Dowden products and services include:
· Continuing medical education
· Consumer publishing
· New York Spaces
· Consumer publishing for hospitals in the U.S. including:
- Morris health & life
- Bergen health & life
- Monmouth health & life
- Custom publishing
- Beanstalk children´s health magazine
- HealthWords for Women A.M. and P.M. Edition
- HealthKeys for seniors
- HeartHealth News
· Patient compliance and persistence programs
· Peer-review publishing, including journals that reach more than 300,000 physicians each month:
- Contemporary Surgery for general surgeons
- Current Psychiatry for psychiatric specialists
- The Journal of Family Practice for family physicians
- Mayo Clinic Proceedings for internal medicine specialists
- OBG Management for Ob/Gyns
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