HCPro Acquires Residency Program Director’s Newsletter

Press Releases, June 29, 2004

Marblehead, Mass.-HCPro, Inc. announced today that it has made its seventh acquisition in the last 12 months--and fourth of 2004--by purchasing the Residency Program Director's Alert newsletter from PubWorld, Inc.

"This acquisition provides us with a strong entry into the 8,000 residency programs and provides with a great opportunity to develop and market additional products to those directors and administrators in hospitals who oversee the future physicians in the US," said HCPro President/CEO Bruce Guzowski.


"This newsletter capped our 30 years career in medical publishing, and we are happy to find it a strong home with a fine company like HCPro" said Dr. Leslie Norins, President/CEO of PubWorld, Inc.


There are approximately 100,000 residents in training in about 1,500 hospitals and clinics in the US today.


PubWorld, Inc., which is located in Naples, FL, launched the periodical in early 2003 to serve as the first independent source of news and advice for leaders of residency training programs in every specialty.


Terms of the transaction were not disclosed.