MA Education, a part of the Mark Allen Group, is to acquire Community Care, from Reed Business Information, part of RELX Group. The terms of the deal were not disclosed.
Community Care is a digital, subscription-based resource for social workers. It works through two platforms: Community Care Inform Children and Community Care Inform Adults.
For Mark Allen himself Community Care has come full circle. He was the launch editor in 1974 of what was then a news-orientated and jobs-based magazine. Subsequently, he became the magazine’s publisher.
He said: “This really is a dream come true. RBI launched Community Care at exactly the right time and it rapidly became a well-respected, award winning and highly profitable magazine. Editing Community Care at a young age was a pivotal moment in my career from which I have prospered. I never thought that one day I would own this outstanding brand.
Mark Allen Group will see revenues rise to nearly £45 million at the end of this financial year, net profits approaching £6 million and EBITDA to £8 million.
Community Care is the third acquisition the group has made this year. A few months ago, the company purchased the largest special educational needs exhibition, TES SEN Show, from TES Global Ltd.
In June the company acquired Unity Media and Unity Exhibitions, which has a number of magazines and a major exhibition, the RCI Show, in the built environment.
UK, London
Related articles:
- Mark Allen Group acquires Unity Media and Unity Exhibitions Posted on June 23, 2017
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