Wilmington buys JMH Publishing
Wilmington on Tuesday announced it was buying JMH Publishing, which provides online education for the health care industry.
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JMH Publishing will trade under the name of Wellards following the acquisition and will become a key education and training platform for Wilmington’s Insight division.
Wilmington is paying an initial consideration of £4.2m in cash.
“The consideration will be financed out of the group's existing £65.0m multicurrency debt facility and is expected to be earnings enhancing in the first full year of ownership,” the company said in a statement.
Wilmington provides information, education and networking in risk and compliance, finance, legal, and insight.
Shares rose 0.66% to 265.50p at 1525 GMT.