Access Intelligence LLC, a Rockville, Md-based B2B information and marketing company backed by , has acquired Contexo Media, a Salt Lake City-based provider of medical coding and reimbursement books and software to the medical billing industry. No financial terms were disclosed. Access Intelligence is a portfolio company of Veronis Suhler Stevenson.
Access Intelligence LLC announced today the acquisition of Contexo Media (www.contexomedia.com), expanding its portfolio into the growing healthcare management industry within two niche markets: medical coding and case management.
Contexo Media is a business-to-business information provider that delivers medical coding and reimbursement books and software to the medical billing industry (www.codingbooks.com). Located in Salt Lake City, UT, Contexo Media’s products and services reach thousands of health and human services professionals in various formats including, books, software, online tools, newsletters, educational workshops and conferences. Contexo also serves the medical case manager market through its Dorland Health division, (www.dorlandhealth.com), a nationally recognized leader in delivering healthcare business information for the past 50 years. Dorland Health publishes Case in Point magazine for medical professionals in case management.
The acquisition of Contexo Media fits within Access Intelligence’s strategic plan to invest in high-value subscription information products and services in well-defined strategic markets. Similar to Access Intelligence’s entrance into the energy industry, the Contexo products establish strong positions in the medical billing and case management markets that will serve as the corner stone for future product development and acquisition. Contexo Media’s vast online presence, including Code-It-Right Online, e-learning, webinars and e-letters is also synergistic with Access Intelligence’s goal of producing robust online communities within each market it serves.
“We find the medical coding and case management products the hallmark of the highest-quality found in the marketplace,” said Don Pazour, president and CEO of Access Intelligence. “We’re excited to employ our best-of-breed content and sales and marketing solutions to build market share and mind share within the community.”
Contexo Media, a new division of Access Intelligence, will be overseen by Heather Farley, president of AI’s Business Information group.
About Access Intelligence
Access Intelligence (www.accessintel.com), a portfolio company of Veronis Suhler Stevenson, is a b-to-b media and information company headquartered in Rockville, Md., serving the energy, defense, healthcare management, chemical, satellite, aviation, cable, media and public relations markets. Leading brands include The Energy Daily, Defense Daily, CableFAX Daily, PR News, Media Industry Newsletter, and Aircraft Value News newsletters; Defense Daily Network, AviationToday, Cable360 and Studio Daily Web sites; Power, Chemical Engineering and Via Satellite magazines; and Electric Power, Satellite 2009, Energy Ocean, Offshore Communications tradeshows. Access Intelligence also produces executive conferences for the energy, defense, media, cable and PR markets.
About Veronis Suhler Stevenson (VSS)
VSS (www.vss.com) is a private equity and mezzanine capital fund management company dedicated to investing in the information, education and media industries in North America and Europe. VSS provides capital for buyouts, recapitalizations, growth financings and strategic acquisitions to companies and management teams with a goal to build companies both organically and through a focused add-on acquisition program. To date, VSS equity and mezzanine funds have invested in 63 platform companies, which have in turn completed over 280 add-on acquisitions resulting in a portfolio with realized and unrealized enterprise values totaling over $14 billion.