Pamlico Capital has invested in Becker’s Healthcare. Financial terms weren’t announced. Founder Scott Becker, along with President and CEO Jessica Cole will continue to own a stake. Becker’s, of Chicago, is an information and media platform in the healthcare sector. Becker’s was represented by JEGI and Patzik, Frank & Samotny Ltd. Moore & Van Allen provided legal advice Pamlico.
PRESS RELEASE
Chicago, IL, July 10, 2017 — Pamlico Capital (“Pamlico”) and the management team of Becker’s Healthcare (“Becker’s” or the “Company”) announced today that the Company has received a substantial investment from Pamlico. Founder Scott Becker, along with President and CEO Jessica Cole, will maintain significant ownership in Becker’s and Jessica will continue to lead the Company.
Headquartered in Chicago, Becker’s is an information and media platform that has established a thought leadership position in the “business of healthcare.” Becker’s serves more than 600 customers under four core brands targeting specific healthcare verticals – Hospitals, Ambulatory Surgery Centers, Spine/Orthopedics, and Infection Control & Clinical Quality. Within the core verticals, Becker’s has five industry conferences, eleven digital properties, and four magazines to engage healthcare industry leaders and key decision makers.
Jessica Cole noted, “Our team is proud of what we’ve accomplished by being incredibly customer-focused and is excited about accelerating our next phase of growth with Pamlico.” Scott Becker added, “We chose Pamlico because of their integrity, intelligence, and experience partnering with founder-owned businesses, their understanding of our business model and end market, and their track record of providing additional resources in support of their portfolio companies. The Becker’s platform has experienced tremendous growth over the last couple of years. We sought a partner to support our efforts to scale to the next level and are thrilled to be partnering with Pamlico.”
Pamlico Partner Scott Stevens commented, “The team’s customer-first culture has driven fantastic results. Our investment will allow Becker’s to further expand its offerings and collaboration with senior healthcare executives and decision makers.” Art Roselle, Partner at Pamlico, continued, “Pamlico seeks to invest in market-leaders with strong growth potential and great management teams. Becker’s fits that profile perfectly.”
Becker’s was represented by JEGI, a New York City-headquartered investment bank that specializes in the media, information, marketing, software and tech-enabled services sectors, and Patzik, Frank & Samotny Ltd. (legal advisor). Moore & Van Allen (legal) advised Pamlico.
About Becker’s
Becker’s Healthcare is the leading source of cutting-edge business information for healthcare industry leaders. The company’s topically-focused brands target and engage healthcare audiences that include hospital and health system leaders, c-suite executives, physicians, practice owners, administrators, and clinical leaders. The company’s events connect sponsors and exhibitors with key decision makers, and Becker’s media offerings allow advertisers to reach their target audience effectively. For additional information, please visit http://www.asccommunications.com/. About Pamlico Capital Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle-market companies in the U.S. Pamlico Capital seeks growth equity and buyout investments alongside proven management teamsin itstarget
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