1105 sells Government Health IT
I have been hearing rumblings that 1105 Media was going to sell its Government Health IT publication — and it happened yesterday. GHIT was sold to the Healthcare Information and Management Systems Society (HIMSS).
GHIT has a story here.
The Healthcare Information and Management Systems Society has acquired Government Health IT magazine, its Web site and annual conference from 1105 Media Inc., the organization announced Jan. 5.
The purchase expands HIMSS’ access to federal health care technology and policy planners and is a logical next step for the education and advocacy organization, said Stephen Lieber, president and chief executive officer of HIMSS.
“The federal sector is a major player in health care — not only in setting policy but also as the largest payer and one of the largest providers of health care,” Lieber said.
“By expanding our publishing and educational efforts with this suite of Government Health IT media products, HIMSS and our members will have a direct line of communication with this very important sector,” he added.
Lieber said that with the expected growth of government support for health information technology under the Obama administration, the acquisition will help HIMSS keep federal agencies informed of major developments in health IT policy and technology.
Neal Vitale, president and CEO of 1105 Media, said, “We are proud to have launched the brand and taken it to this level and look forward to seeing its continued success within a health care IT-focused organization.”
I had heard that the deal had been on hold because one of the key players was actually on his bicycle and was hit by a car and was out of pocket for some time.
After the break, read Vitale’s note to 1105 staff… and HIMSS’s FAQ on the subject.
As promised… Vitale’s note to staff…
On December 31, we sold our Government Health IT properties (print, online, and conference), part of the 1105 Government Information Group, to Healthcare Information and Management Systems Society (HIMSS). HIMSS Is a major non-profit group serving the global healthcare IT community.
As you know from the history of 1105 Media, we are much more a buyer than a seller. In this case, we were made a very attractive, unsolicited offer by an entity much more deeply entrenched in healthcare than we could ever be. We felt that HIMSS would provide an environment in which GHIT could continue to grow and achieve levels of success that would be difficult to replicate within 1105.
We will be working with HIMSS for the foreseeable future. Besides providing a number of transitional services to them over the coming weeks and months, we expect to have an ongoing relationship via their participation in FOSE.
Paul McCloskey, the Editor-in-Chief of GHIT, is moving with the properties to HIMSS. I’d like to thank him for his contributions to 1105, as well as its predecessor organizations.
Frequently Asked Questions – HIMSS Acquisition of Government Health IT
Q. Why did HIMSS acquire the Government Health IT multi-media products?
A. HIMSS acquired the Government Health IT multi-media products to expand its reach and further its educational initiatives with the federal health sector. As noted in the news release, the decision to purchase this suite of products focused on three strategic variables:
* New information and publishing opportunities
* Resource for information and knowledge in Washington, D.C.
* Expanded outreach to the federal health sector
More details are available in the news release at www.himss.org on the HIMSS Web site.
Q. What exactly did HIMSS purchase from 1105 Media?
A. HIMSS acquired Government Health IT magazine, a print and online publication. The Society also purchased the related educational conferences, a health IT pavilion, webinars and Web site from 11095 Media, Inc.
Q. What was the purchase price?
A. HIMSS cannot divulge the purchase price, as advised by its legal counsel.
Q. Did HIMSS acquire new staff with this purchase?
A. HIMSS acquired one new staff member with this acquisition. Paul McCloskey will continue as editor of Government Health IT magazine. Reporter Nancy Ferris retired as planned at the end of 2008.
Q. Who at HIMSS is managing this effort?
A. Fran Perveiler, HIMSS Vice President, Communications, is managing the magazine and its staff. She is coordinating activities with HIMSS content experts and government relations staff in the HIMSS Arlington, Va. Office.
Q. Will HIMSS hire new staff to work on the magazine or be part of these new initiatives?
A. HIMSS will explore the staffing needs for the magazine and other new initiatives that are part of this acquisition.
Q. How will the editorial content be managed for Government Health IT magazine?
A. The magazine will function as an independent trade publication with editorial content based on news in the federal health sector. Some content may be HIMSS-specific but will be identified as such.
Q. Will HIMSS hold the annual Government Health IT conference in June 2009?
A. HIMSS will hold the annual Government Health IT conference in Washington, D.C. in June 2009. More information will be available once the conference speakers and program have been confirmed.