LONDON, UK — October 11, 2017 — Mark Allen Group has announced its intention to acquire the UK’s leading brand for social work professionals.
MA Education, a part of the Mark Allen Group (MAG), has agreed to purchase Community Care, from Reed Business Information (RBI), part of RELX Group.
For Mark Allen himself Community Care has come full circle. He was the launch editor in 1974 of what was then a news-orientated and jobs-based magazine. Subsequently, he became the magazine’s publisher.
He said: “This really is a dream come true. RBI launched Community Care at exactly the right time and it rapidly became a well-respected, award winning and highly profitable magazine. Editing Community Care at a young age was a pivotal moment in my career from which I have prospered. I never thought that one day I would own this outstanding brand.
However, this is not for me a sentimental trip down memory lane. Community Care is a totally different proposition to what it was when I was the launch editor more than 40 years ago. The Community Care team that we will be inheriting has created an amazing online resource, which has plenty of scope for further development.”
Chief Executive Officer Ben Allen concurred: “This is a superb opportunity for us. As a major online brand, Community Care vastly enhances our digital presence and fits very well with Children & Young People Now, which we acquired from Haymarket a few years ago. Two years ago, we bought Optician from RBI and this has proved a major asset for the company.”
During the past seven years MAG has been on an extensive acquisition trail which, with recent purchases, will see revenues rise to nearly £45 million at the end of this financial year, net profits approaching £6 million and EBITDA to £8 million.
Community Care is the third acquisition the group has made this year. A few months ago, MAG purchased the largest special educational needs exhibition, TES SEN Show, from TES Global Ltd.
In June the company scooped up Unity Media and Unity Exhibitions, which has a number of magazines and a major exhibition, the RCI Show, in the built environment.
RBI Managing Director Edward Dimbylow said: “The sale of Community Care reflects our continuing strategic priority of focusing on our core subscription-based data and analytics businesses. Mark Allen Group is a great home for Community Care and will provide the team and brand with a secure future”.