|Weekly News Digest
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Springer Acquires the Current Medicine Group
Springer Science+Business Media (Springer; http://www.springer.com) has acquired Current Medicine Group (CMG), a leading publisher for the healthcare community. CMG (http://www.currentmedicinegroup.com) is based in the U.K. and the U.S. and consists of four different operating units:
- Current Medicine Group, Ltd. (London), which publishes books, pamphlets, and manuals for primary care professionals, hospitals, and physicians
- Science Press Internet Services, Ltd. (London), which creates and manages Web sites and produces educational content and news via its portal MedWire
- Current Medicine, LLC (Philadelphia), which publishes atlases and produces an image library (images.MD)
- Current Science, Inc. (Philadelphia), which publishes medical review journals
In making the announcement, Springer said the acquisition links complementary businesses and strengthens Springer's existing position in the U.K.; it will also provide Springer with a strong position in the U.S. pharmaceutical publishing market, which is the largest and fastest-growing publishing market in the world.
The approximately 100 employees of the units will join Springer. Abe Krieger and Jane Hunter, managing directors of, respectively, CMG's U.S. and U.K. businesses, will also join Springer and continue to run the CMG units.Source: Springer Science+Business Media
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