Jobson Medical Information LLC Acquires CenterWatch™ and New England IRB From Thomson Healthcare
BOSTON, MA–January 8, 2008, Jobson Medical Information LLC ("JMI"), a leading healthcare information and marketing services provider, announced that they had acquired the assets of CenterWatch and The New England Institutional Review Board ("NEIRB") from Thomson Healthcare Inc., a subsidiary of the Thomson Corporation. Terms of the transaction were not disclosed.
CenterWatch and NEIRB provide information and services that support the efficient execution of clinical trials. Founded in 1994, CenterWatch is a publishing and information services company supplying critical data to the clinical trials industry. Key customers include pharmaceutical companies, biotechnology and medical device companies, CRO's and patients involved in clinical trials. The CenterWatch website lists over 5,000 clinical trials and details of over 30,000 clinical trial sites. The website attracts over 200,000 visitors per month.
NEIRB provides FDA mandated services to pharmaceutical companies and CRO's. Founded in 1988, NEIRB was one of the first central institutional review boards established to meet the ethical review needs of a burgeoning drug development market.
"Both CenterWatch and NEIRB expand our presence in the development stage of the pharmaceutical product pipeline. Allied with our Medical Intelligence Solutions business we are developing significant scale in clinical trial information services," said Mike Tansey, CEO of JMI. "We are extremely pleased to welcome the talented and experienced staff of these two businesses to the JMI team."
Thomson was advised by Berkery, Noyes & Co., LLC.
About Jobson Medical Information LLC: JMI is a premier integrated healthcare information and marketing services provider. Through its diversified, multi-media portfolio of marketing services, information databases, trade publications, medical education programs, events, websites and other digital and traditional media services, JMI is uniquely positioned to reach, educate and influence a highly targeted network of approximately one million healthcare professionals across more than 20 specialties. A description of JMI's products can be found online at www.jobson.com.
JMI is an affiliate of The Wicks Group of Companies, L.L.C. (www.wicksgroup.com), a New York-based private equity firm that invests in selected segments of the communications, information and media industries.
SOURCE: Jobson Medical Information LLC