NEI Global Acquired by HMP Global
Navagant LLC, a leading middle market investment bank focused exclusively on the Education and Training industry, advised Neuroscience Education Institute (“NEI Global”) on its sale to HMP Global, a leading provider of accredited medical education events and clinically relevant content for the global healthcare community.
Founded in 2000 by Dr. Stephen Stahl and based in Carlsbad, CA, NEI is a leading provider of psychopharmacology-focused education helping physicians, nurse practitioners, physician assistants, and other clinicians meet continuing medical education (“CME”) requirements and professional education goals. The Company represents the industry standard for central nervous system (“CNS”) medical education, offered through highly attended medical conferences and widely subscribed digital online learning solutions. Today, more than 45,000 mental health professionals continually return to the Company to receive their continuing education and satisfy their need for professional growth.
“Our partnership with HMP Global will allow us to offer enhanced learning experiences to our customers and improved reach to our pharmaceutical customers. Our shared commitment to improving learner outcomes will always remain at the forefront of everything we do.” noted NEI Global’s CEO, Steve Smith. “Navagant’s outstanding expertise and unwavering dedication were instrumental in successfully navigating the sale of our medical education company. Their strategic guidance and negotiation skills ensured a seamless process, resulting in a highly favorable outcome. We wholeheartedly recommend Navagant for their exceptional services in mergers and acquisitions.”
Jacob Voorhees, Managing Director of Navagant, stated, “We are thrilled to announce the sale of NEI Global to HMP Global and to assist the team through the deal process. This transaction marks a significant milestone for NEI, as well as a tremendous opportunity for the company to thrive under the HMP Global umbrella. This business combination will lead to improved continuing education opportunities for mental health clinicians around the globe.”
“We could not be happier to deliver this excellent outcome to Dr. Stahl, Steve, Sheri, RJ, and the rest of the NEI family. Combining NEI’s institutional knowledge in CNS-focused CME alongside HMP Global’s existing conferences and broader healthcare education solutions will result in a learner experience that is second-to-none. With mental health challenges becoming increasingly prevalent, clinicians need to be well-versed with current education trends and breakthrough drugs. This partnership helps society take steps toward achieving this critical piece of the healthcare system.”
Benefits & Long-Term Value Creation
The combination of NEI Global and HMP Global has the potential to dramatically improve continuing education for clinicians in the mental health space, resulting in more capable medical professionals and improved patient outcomes. The combined entity holds unparalleled reach and content development capabilities in the CNS-focused psychopharmacology space. This collaboration has the potential to increase access to quality healthcare education and contribute to better patient treatment.
About HMP Global
HMP Global is an omnichannel leader in healthcare content, events, and education, with a mission to improve patient care. The company produces accredited medical education events and clinically relevant, evidence-based content for the global healthcare community across a range of therapeutic areas. Its brands include the HMP Global Learning Network, healthcare’s most comprehensive source for news and information; Psych Congress, the largest independent mental health meeting in the U.S.; the Evolution of Psychotherapy, the world’s largest independent educational event for mental health professionals; the Leipzig Interventional Course (LINC), the leading, global gathering for interdisciplinary cardiovascular specialists; EMS World Expo, North America’s largest EMT and paramedic event; and the Symposium on Advanced Wound Care (SAWC), the largest wound care meeting in the world.
Navagant LLC is a middle-market investment bank focused exclusively on the Education & Training industry. We serve entrepreneurs, family businesses, large corporations, and financial sponsors seeking to optimize their transaction outcomes. Our sell-side advisory services include mergers and acquisitions, majority and minority recapitalizations, management buyouts, and corporate carve-outs. With a conscious-capital mission and a team of experienced professionals, Navagant delivers tailored solutions to help organizations unlock value and achieve life-changing outcomes. For more information, please visit http://www.navagant.com.