MedTech Media’s founder Neil Rouda has sold MedTech Media to Healthcare Information and Management System Society (HIMSS).
HIMSS has been a partner of MedTech Media since it was founded in 2003. As part of the deal, MedTech will begin publishing Government Health IT in 2011. Editorial decisions of MedTech’s publications, Healthcare IT News and Healthcare Finance News, will remain independent and MedTech will continue to produce HIMSS Daily Insider, the HIMSS Expo Yellow Pages, the HIMSS Resource Guide and other annual conference-related publications and products.
“HIMSS’ interest in our company reflects well on the talents and dedication of the people who work at MedTech. We owe our success to our partnership with HIMSS, to the industry we cover, but most of all, to our hardworking employees,” Mr. Rouda said.
MedTech’s management team, led by current President, Jack Beaudoin, will maintain significant ownership in the company.
“Going forward, it is my expectation that the activities of HIMSS and MedTech, while continuing to be run through separate companies, will support mutual growth and our ability to drive improvement and transformation in healthcare through information technology,” said HIMSS president and CEO, H. Stephen Lieber, CAE.
Berkery, Noyes & Co assisted in negotiations and acted as exclusive financial advisor to MedTech Media’s founder and selling shareholder Neil Rouda.
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