Acuity Legal as part of the ASA Group advised the shareholders of Medilexicon International Limited (“MLX”) who sold the entire issued share capital of MLX to San Francisco based Healthline Media, Inc for an undisclosed sum.
MLX owns Medical News Today, which is the No 1 ranked website on all major search engines for medical and healthcare news largely read by medical professionals and members of the public. In the past few years Medical News Today has had over 350 million visitors, receives over 15 million monthly page views and has published over 250,000 articles covering hundreds of medical topics.
MLX also owns MediLexicon.com, a comprehensive online database of medical abbreviations and definitions.
Adam Street Advisers was engaged by MLX to undertake a strategic review of its position and the acquisition shows the strength of expertise which Acuity Legal and ASA have in the global healthcare market.
Healthline Media’s CEO, David Kopp said of the acquisition “We have long been impressed with the content and growth of MediLexicon.com and MedicalNewsToday.com… we are excited to add these sites to the Healthline family and further expand our ability to positively impact health-seeking users.”