Acquisition
January 02 2002 - 3:07AM
UK Regulatory
RNS Number:3508P
Thomson Corporation
2 January 2002
( BW)(THOMSON/GRDNR-CALDWELL)(TOC.TO) Thomson Acquires
Gardiner-Caldwell; Acquisition Creates Global Leader in Expanding
Medical Education Market
Business Editors & Health/Medical Writers
TORONTO--(BW HealthWire)--Jan. 2, 2002--The Thomson Corporation
(TSE:TOC) today announced it has acquired Gardiner-Caldwell
Communications Ltd., one of the world's largest independent medical
education and communications companies. Financial terms of the
agreement were not disclosed.
Gardiner-Caldwell will significantly enhance the medical education
franchise within Thomson by enabling the Corporation to provide
educational programs for companies with important products requiring
international coordination. The acquisition also strengthens the
already strong U.S. market presence established by Thomson through
Physicians World. Gardiner-Caldwell will become a part of the
Scientific & Healthcare operating group within Thomson, and will
continue to be run by its current business management group, headed by
managing director, Steve Angrave.
"The addition of Gardiner-Caldwell greatly enhances our ability to
service the growing continuing medical education market, and the
business is complementary to Physicians World in terms of geography,
customer base and content model," said Mike Tansey, president and
chief executive officer of Thomson Scientific & Healthcare. "With this
acquisition, we are ideally positioned to create the leading global
education resource capable of delivering multi-dimensional medical
education services encompassing strategic communications, publication
planning and e-healthcare initiatives in growth markets around the
world."
Founded in 1983, Gardiner-Caldwell has an established track record
of developing and delivering tailored medical education programs to
international medical communities. With a client base that includes a
broad range of the world's largest pharmaceutical companies spanning
many therapeutic categories, Gardiner-Caldwell utilizes an integrated
product portfolio of marketing tools and education solutions -
including traditional and online communication systems - to increase
awareness of diseases and disorders, therapeutic advances and new
drugs.
"Joining The Thomson Corporation offers ideal synergies for our
Group," said Mr. Angrave. "The link up with Thomson Scientific &
Healthcare is particularly exciting as it ensures that we can provide
market-leading services for our clients on a truly global basis and
achieves our collective objective to become the premier provider in
our field worldwide."
About The Thomson Corporation
The Thomson Corporation (www.thomson.com), with 2000 revenues of
approximately US$6 billion, is a leading provider of integrated
information solutions to business and professional markets worldwide.
The Corporation's common shares are listed on the Toronto and London
stock exchanges.
--30--sdg/ny* eym/in*
CONTACT: Media Contact:
The Thomson Corporation
Jason Stewart
203/328-8339
jason.stewart@thomson.com
or
Investor Contact:
The Thomson Corporation
John Kechejian
203/328-9470
john.kechejian@thomson.com
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