Fifth Third Provides Funding for Dowden Health Acquisition
High Road Capital Partners announced that its portfolio company, Dowden Health Media, has acquired QD Healthcare Group, a Connecticut-based medical communications firm.
In conjunction with this acquisition, Dowden has separated into two platform companies, Dowden Medical Communications Group (DMCG) and BlueSpire Strategic Marketing. High Road controls both entities.
DMCG, which includes QD Healthcare Group, provides technically oriented marketing services to pharmaceutical companies to educate physicians on appropriate uses of pharmaceutical products.
The QD Healthcare Group acquisition closed on November 13, 2012. Financing for the transaction was provided by Fifth Third Bank. Transaction consideration was not disclosed. DeSilva + Phillips advised the sellers. High Road partner Jeffrey Goodrich, principal Ben Schnakenberg, and associate Paul Langley worked on the transaction.
High Road Capital Partners is a private equity firm focused on smaller middle-market transactions.
Dowden Medical Communications Group is a provider of promotional medical education communication services.
QD Healthcare Group provides scientific content development, promotional medical education and related marketing services to the pharmaceutical and biotechnology industries.
Minneapolis-based BlueSpire Strategic Marketing provides strategic marketing services for healthcare and financial services clients with a focus on multi-channel marketing solutions with an emphasis on end-user content and digital media.