Lebhar-Friedman Deals Dowden Professional Publications to Quadrant HealthCom
Lebhar-Friedman, an 80-year-old business-to-business pubilsher known for its healthcare media products, has agreed to sell its Dowden medical journals publishing division to Quadrant HealthCom Inc. Included in the sale are OBG Management, Current Psychiatry and Journal of Family Practice.
"The sale of these properties enables us to concentrate our media strategies on digital media, including our Web sites’ lead-generation products, and the customization of our skills and experience as a major B2B publishing company," said Roger Friedman, president of Lebhar-Friedman. "We are now better able to concentrate our resources on higher growth areas and lessen our corporation’s dependence on print-advertiser-based products."
Friedman added that "under the direction of Quadrant’s president, Steve Stoneburn, the former Dowden publications will be better positioned to grow and to serve their markets."
DeSilva+Phillips acted as financial advisor to Lebhar-Friedman in the sale.