NEW YORK, Nov. 8 /PRNewswire-FirstCall/ -- The McGraw-Hill Companies
(NYSE: MHP) today announced that it has sold its Healthcare Information Group
to specialist publisher, Vendome Group, LLC. Terms were not disclosed.
The Healthcare Information Group comprises magazines The Physician and
Sportsmedicine, Postgraduate Medicine and Healthcare Informatics, as well as a
variety of healthcare information programs that serve the medical market.
"Divesting this business is consistent with our strategy to direct
resources where we have the best opportunities to achieve both financial
growth and market leadership," said Scott Marden, president of McGraw-Hill
Information and Media Services. "We remain strongly focused on building our
key business information and market insight franchises which include J.D.
Power and Associates, BusinessWeek, Platts, McGraw-Hill Construction and
Aviation Week."
About The McGraw-Hill Companies:
Founded in 1888, The McGraw-Hill Companies is a leading global information
services provider meeting worldwide needs in the financial services, education
and business information markets through leading brands such as Standard &
Poor's, BusinessWeek and McGraw-Hill Education. The Corporation has more than
300 offices in 40 countries. Sales in 2004 were $5.3 billion. Additional
information is available at www.mcgraw-hill.com.
About the Vendome Group, LLC:
The Vendome Group, LLC, was founded in July 2004 to take advantage of
favorable opportunities in the information and media publishing markets.
Today, Vendome Group has completed the acquisition of five leading information
businesses which encompass a wide breadth of growth markets ranging from
commercial and residential real estate to health care facilities and practice,
and sourcing of chemicals and bulk pharmaceuticals worldwide.
SOURCE The McGraw-Hill Companies
-0- 11/08/2005
/CONTACT: The McGraw-Hill Companies
Steven H. Weiss
Vice President, Corporate Communications
(212) 512-2247 (office)
(917) 699-9389 (mobile)
weissh@mcgraw-hill.com
The Vendome Group, LLC
Jane Butler
Partner
(212) 812-8422 (office)
jbutler@vendomegrp.com /
/Web site: http://www.mcgraw-hill.com /
(MHP)
CO: The McGraw-Hill Companies; Vendome Group, LLC
ST: New York
IN: HEA PUB MAG
SU: TNM
MC
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