Psychiatry Redefined Acquired by HMP Global
Transaction Description
Jackim Woods & Co., a boutique M&A advisory firm specializing in middle market transactions, is pleased to announce that it served as the sell-side advisor to Dr. James Greenblatt and Psychiatry Redefined in its sale to HMP Global.
Transaction Details
HMP Global
Malvern, PA
acquired
Psychiatry Redefined
a science-backed educational platform that delivers continuing psychiatric education combined with integrative, nutritional, and functional medicine approaches
Boston, MA
Jackim Woods & Co advised the seller in the transaction.
Transaction Overview
About Psychiatry Redefined
Psychiatry Redefined is a science-backed educational platform founded by Dr. James Greenblatt that combines traditional psychiatric education with integrative, nutritional, and functional medicine approaches. This edtech platform delivers live programs, recorded programs, supervised fellowships, and an AI consulting tool based on Dr. Greenblatt’s lifelong writing and research in the field of functional medicine.
https://www.psychiatryredefined.org/
About HMP Global
HMP Global is the market leader in healthcare events, education, and insights to improve patient care. It hosts 475 events a year, with 150K healthcare professionals in attendance and an online community of 2M+ clinicians. HMP is the organizer of Psych Congress, the nation’s leading conference on practical psychopharmacology.
https://hmpglobal.com/
Challenges
Dr. Greenblatt, the founder of Psychiatry Redefined, was interested in retiring from day-to-day operations of the business so he could continue his research and writing. He was looking for a strategic buyer of his business that could continue it’s phenomenal growth and continue to expand it’s important message, and be a good steward for Dr. Greenblatt’s life’s work.
Solutions
Dr. Greenblatt used our innovative hourly consulting approach rather that the traditional investment banking model that involves a retainer and a success fee.
We quickly identified HMP Global as the most logical strategic buyer for Psychiatry Redefined, given that it is the market leader in global healthcare conferences and educational events and the organizer of Psych Congress, the nation’s leading conference on practical psychopharmacology. We helped our client determine the strategic value of his business, helped him present the company to HMP, advised him how how to structure the deal appropriately, and assisted him during due diligence and thru the closing.
“We are delighted to have worked with the Psychiatry Redefined team and helped facilitate this important transaction,” said Rich Jackim, Managing Partner at Jackim Woods & Co. “Dr. Greenblatt has built something truly unique with Psychiatry Redefined in the mental health education space. We were very pleased to have been able to help him capture full value for his company and partner with a buyer like HMP Global that can take the business to entirely new levels.”
Summary
Dr. Greenblatt’s decision to use our hourly consulting approach, rather than the traditional investment banking success fee, resulted in an optimal outcome for him, and saved him over $100,000 in fees, making the outcome even better.
If you own a successful training and education business or edtech company and would like to explore your options, contact Rich Jackim for a confidential, no-obligation conversation at rjackim@jackimwoods.com.
