MJH Associates Inc., a Cranbury-based health care communications company, announced Thursday that it has acquired media assets from UBM Life Sciences Group, which it said makes it the largest privately-held medical media company in the nation.
MJH said the deal gives it seven new offices, six in the U.S. and one in the U.K., and more than 220 new employees. MJH has more than 600 workers and more than 30 brands overall.
The deal with UBM, part of Informa PLC, includes multimedia platforms in sectors such as health care, animal care, pharmaceuticals and more. The assets will become a new business unit within MJH, dubbed MultiMedia Healthcare LLC.
“The strategic purchase of UBM Life Sciences’ media assets leaves no question that MJH is dedicated to remaining at the forefront of delivering trusted health care information now and into the future,” President Michael J. Hennessy Jr. said in a prepared statement. “It furthers our overall commitment to providing diverse stakeholders — from providers to patients to caregivers — access to trusted and timely resources to help inform care and optimize outcomes.”
The executive vice president and managing director of UBM Life Sciences, Tom Ehardt, will continue to oversee the unit, as president of MultiMedia Healthcare, reporting to MJH Chief Operating Officer George Glatcz.
MJH was advised by investment bankers Oaklins DeSilva & Phillips.