Aug 18 Privately held AccentHealth, a company
that shows CNN programming hosted by Dr Sanjay Gupta on TV
screens in the waiting rooms of doctors' offices, is exploring a
sale that could fetch $300 million, people familiar with the
matter said on Monday.
AccentHealth is working with investment bank Moelis & Co
to help find a buyer, said the people, who asked not to
be named because the matter is not public. AccentHealth is owned
by private equity firms M/C Partners and Ridgemont Equity
The company pays a licensing fee to Time Warner Inc's
Turner Private Networks to carry customized medical
segments featuring Gupta, who is CNN's chief medical
correspondent, and Robin Meade, host of HLN's morning show.
The company, founded in Tampa, Florida, in 1995, has screens
in 30,000 waiting rooms, reaching 200 million patients annually,
according to its website. It generates revenue by selling
advertising to companies that want to reach patients in waiting
rooms of doctors' offices.
The company also sells medical wall displays and distributes
Its competitor PatientPoint, owned by private equity firm
Catterton, is one of the companies that may look at acquiring
AccentHealth, the sources said.
AccentHealth generates roughly $20 million to $25 million in
earnings before interest, taxes, depreciation and amortization
and could sell for roughly 10-12 times that amount, one of the
An AccentHealth representative could not immediately be
reached. A Moelis spokeswoman declined to comment.
(Reporting by Liana B. Baker and Mike Stone in New York;
editing by Matthew Lewis)