HCPro Acquires Advisory Publications

Press Releases, October 2, 2003

Oct. 2, 2003—Marblehead, Mass.—HCPro, Inc., a leading provider of integrated information, education and consulting products and services in the vital areas of healthcare regulation and compliance, today announced its acquisition of the assets of Advisory Publications, a publisher of practice management newsletters, books and special reports for physicians. Advisory Publications was represented in the transaction by Whitestone Communications, Inc. Terms of the transaction were not disclosed.

Based in Conshohocken, Pa., Advisory Publications has been an independent publisher of financial and practice management advice and solutions for physicians in private practice and their managers. In its publications, Advisory's goal has been to provide practical, comprehensive solutions and information to help private practices achieve success, especially in terms of productivity, profitability and efficiency.

"We are delighted to have the opportunity to continue serving Advisory Publications' customers," said Bruce Guzowski, HCPro's president and CEO. "We are looking forward to offering additional products and services to these customers."

Publisher and founder Leif C. Beck, a nationally respected medical management advisor, launched Advisory's flagship monthly newsletter, The Physicians Advisory, in 1977 as an independent, subscription-based source of practice advice to physicians and their managers. Recently renamed Private Practice Success, this newsletter continues to be the most widely read and respected source of practice management advice in the country.