Vendome Group Acquires Healthcare and Capital Markets Conference
Growing live events business now accounts for 40 percent of company revenues, Vendome CEO tells Folio:.
Healthcare and real estate media and events company Vendome Group has acquired the Healthcare and Capital Markets Conference (HCap), from Lincoln Healthcare Leadership, the company announced.
Launched in 2006, HCap aims to bring together healthcare executives and private equity or venture capital investors. It will join Vendome's Healthcare group, which produces magazine titles Healthcare Informatics and Addiction Professional, among others, as well as a series of live events such as the National Conference on Addiction Disorders.
"In December of 2015, Vendome's Behavioral Healthcare business unit launched its first investor-oriented event with great success," Vendome founder and CEO Jane Butler tells Folio: in an email exchange. "We became aware of the Healthcare and Capital Markets Conference through a mutual exhibitor and saw an immediate opportunity to replicate [that success]."
Within the Healthcare group, HCap will become part of Vendome's Senior/Long-Term Care unit, which includes the magazine brand Long-Term Living, and will be integrated with Vendome's newly-launched Institute for the Advancement of Senior Care (iASC).
Vendome's event business has grown exponentially in recent years, Butler tells Folio:, now comprising 40 percent of company revenues.
"We are actively looking at all sorts of investment opportunities in the healthcare market and beyond," Butler adds. "While events have been a strong focus over the past years, we remain very interested in digital and print media and related areas as well."
Over 30 national or regional events are planned for 2016 across Vendome's various divisions, according to Butler.
In September, the company announced a partnership with credentialing standards developer IC&RC to expand several of its 2016 events with content from IC&RC's Annual Training Conference. That announcement came just weeks after Vendome acquired the Ben Franklin Institute, an addiction and behavioral healthcare information provider. Most recently, Vendome launched the iASC, which Butler describes as "an ongoing educational warehouse for those who operate and work in long-term care settings."
Dates for the next Healthcare and Capital Markets Conference, traditionally held in Washington, D.C. in November or December, are forthcoming, according to a prepared statement.
The company declined to share financial terms of the acquisition.