Acquisition Moves InnoVision out of Chapter 11
April 3, 2009
BOULDER, Colo.—InnoVision Health Media has been acquired by two New York-based private-equity firms—American Securities and ACI Capital—allowing the publishing firm to emerge from Chapter 11 bankruptcy, effective April 1, 2009. InnoVision publishes several peer-reviewed medical journals and a series of consumer health books in addition to its flagship magazine, Natural Solutions. The company will continue operations out of Boulder, Colo., with its current staff and management team in place, functioning as a wholly owned subsidiary. It will work closely with another of ACI and American Securities holdings, Potomac, Md.-based Healthy Directions LLC, a producer of subscriber-based health newsletters and direct-to-consumer marketer of health-related products.
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