Wilmington buys JMH Publishing

19th Jan 2016 15:09

(ShareCast News) - Wilmington on Tuesday announced it was buying JMH Publishing, which provides online education for the health care industry.JMH Publishing will trade under the name of Wellards following the acquisition and will become a key education and training platform for Wilmington's Insight division.Wilmington is paying an initial consideration of £4.2m in cash."The consideration will be financed out of the group's existing £65.0m multicurrency debt facility and is expected to be earnings enhancing in the first full year of ownership," the company said in a statement.Wilmington provides information, education and networking in risk and compliance, finance, legal, and insight.Shares rose 0.66% to 265.50p at 1525 GMT.