Advanced Health Media Announces Investment Agreement
With Arlington Capital Partners
Union, N.J. (February 12, 2007) ― Advanced Health Media (AHM), LLC, a leading provider of regulatory compliance administration solutions, sales force logistics and outsourced speakers bureau management for the pharmaceutical industry, today announced the completion of a private equity investment by Arlington Capital Partners, a Washington, D.C-based private equity firm with over $1 billion of committed capital. Arlington Capital Partners led an equity investment group with additional financing provided by CIT Group, The Bank of New York and Bank of America.
"We are extremely pleased to enter this partnership with Arlington," said Kevin McMurtry, CEO of AHM. "The company's depth of experience and expertise in business services and technology, especially in federally-regulated industries, makes Arlington an ideal partner for AHM. As the compliance requirements of the pharmaceutical industry continue to evolve, we believe that Arlington's knowledge base, relationships and financial contribution will serve our company well."
AHM will continue to be led by McMurtry, who, in conjunction with AHM's management team, has been responsible for the company's tremendous growth since it was founded in 1999. AHM's proprietary technology, such as its PFX System, provides enterprise-level capabilities, including meeting planning workflow, speaker eligibility management, financial controls, and compliance management, documentation and reporting.
"This partnership with Arlington represents a terrific opportunity for our company and customers," continued Jeff Brady, President of AHM. "With Arlington's support, we will continue to invest further in research and development to differentiate our product line, enhance our scalability, expand our competitive advantage and increase the value we bring our clients."
According to Peter Manos, a Partner at Arlington Capital Partners: "As a market leader and innovative organization, AHM is a perfect fit for Arlington. In less than eight years, the company has developed a loyal customer base that includes most of the top 20 largest pharmaceutical manufacturers, and its proprietary PFX software is used by nearly half of the sales professionals in the industry, making the technology an industry standard for promotional program management and third-party commercial compliance documentation and reporting. We are very pleased to partner with AHM's management team to help identify and develop growth opportunities for the company."
"As a private company with more than 300 employees, a blue-chip customer list, proprietary logistics and compliance management systems, and revenue in excess of $200 million in 2006, AHM is a unique investment opportunity and an excellent addition to our investment portfolio," added John Bates, of Arlington Capital Partners. "AHM's strategy of specialization and commitment to information management and automation technology distinguishes the company from its competitors. AHM's management team has developed a robust platform that strikes a balance between pharmaceutical marketing needs and the regulatory demands of the industry."
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About Advanced Health Media, LLC
Advanced Health Media (AHM) is a Microsoft Certified Partner company that supplies a combination of marketing services and proprietary software solutions to the pharmaceutical and biotechnology industries. AHM is a market leader in the facilitation of promotional speaker programs and group selling events for the pharmaceutical industry. In this highly specialized and increasingly regulated category, AHM's unique combination of state-of-the-art technology and world-class customer service helps clients achieve outstanding sales results while leveraging intelligent technology with embedded business rules to drive compliance throughout the entire range of interactions with health care providers.
Headquartered in Union, N.J. and with offices in Philadelphia, Pa. and Chesapeake, Va., Advanced Health Media is also the parent company of Cogenix, LLC, ProMedix, LLC, and InsiteResearch, LLC. For more information, please visit the Web site at www.ahmdirect.com.
About Arlington Capital Partners
Arlington Capital Partners (www.arlingtoncap.com) is a Washington, D.C.-based private equity fund with over $1 billion of committed capital focused on middle market investment opportunities in growth industries including: healthcare services, media, business services, education, and aerospace/defense. The firm's professionals have a unique combination of operating and private equity experience that enables Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their company's position as leading competitors in their field.
