United Business Media (UBM) has announced it is to acquire two US medical publishing businesses for a total of £37.5 million.
The Oncology Group and Cliggott Publishing are being bought from SCP Communications and will be integrated into CMP Healthcare Media, the Healthcare division of CMP Media in the US.
Publications changing hands include Oncology and Oncology News International as well as Consultant, a major player in the primary care sector.
Clive Hollick, chief executive of United Business Media, said: “This acquisition is financially and strategically attractive. It gives CMP Healthcare Media a strong platform in the fast growing oncology publications and education market.”
