BROADCASTMED ACQUIRES DIGITELL, INC.
BroadcastMed announced the acquisition of Digitell, Inc. today. The acquisition, which occurred on December 23, 2021, will allow BroadcastMed to reach its 2022 goals, including broadening service offerings for its extensive client base and increasing its audience to a vast array of healthcare professionals including physicians, nurses, and other allied HCPs.
Digitell developed a robust, award winning, event and year-round Digital Content Management System that allows clients to rapidly create, customize and launch their projects. It uses a proprietary, customizable platform to design, build and deliver thousands of virtual and hybrid events, webinars, and on-demand educational sessions.
Digitell offers innovative technology for hosting virtual and hybrid events. As a partner of BroadcastMed, the organizations will be able to provide clients with cutting-edge options in event curation and exhibition. BroadcastMed’s database is also expanded to reach 1.7 million U.S. allied healthcare professionals.
“It is our strong belief that this alliance will bring about only positive changes for all stakeholders, especially our clients and the HCPs they serve,” Ross Joel, CEO and Co-Founder of BroadcastMed stated about the acquisition.
“The combined companies will be stronger in this growing market, and the increased resources will ensure that we can continue to provide quality service and innovative tools for our customers and clinicians,” Peter Gailey, President and Co-Founder of BroadcastMed added.
BroadcastMed is backed by 424 Capital, a growth stage investor. Brennan Mulcahey, partner at 424 Capital, and BroadcastMed Chairman, noted the value of the combination. “Both Digitell and BroadcastMed have a long track record for innovating and creating best-in-class solutions. This new partnership advances BroadcastMed’s mission of healthcare intelligence, furthering the goal to engage, educate, and inspire today’s healthcare workforce.”
“Digitell was seeking a partner that shared our culture and would support its strategic and technological initiatives,” Digitell’s Brian Zambotti explained. “This partnership will also allow us to continue the tradition we have for excellent client service and exceptional event execution.”
BroadcastMed is a healthcare intelligence company impacting the future of medicine by producing, promoting, and distributing groundbreaking clinical content to healthcare professionals. The company powers more than 60 client-branded video portals and has an email list of more than 1.7 million verified physicians. Twelve of the Top 20 U.S. News & World Report Honor Roll Hospitals are BroadcastMed clients, as well as 8 of the top 10 global medical device and pharmaceutical companies.
Digitell is an award winning leader in the virtual events industry and was one of the pioneers for the delivery of content to remote attendees beginning over three decades ago. Digitell has developed their own proprietary event and on-demand platform called, OPUS DX and has recently been named the Best Hybrid Event Platform/Production Over 1,000 Attendees at the 2021 Event Tech Live awards. The OPUS DX platform has been designed to allow clients to manage their events and educational content. OPUS DX is a robust, customizable platform designed to meet the needs of association, corporate, government and for-profit event organizers. While OPUS DX is considered best-in-class, we believe it is the skills, expertise and customer service approach by our team that sets us apart.
Digitell and BroadcastMed have a shared mission – to educate the world by leveraging great content to help client organizations educate audiences across the globe and deliver dynamic opportunities and experiences for life-long learning.
About 424 Capital
424 Capital is a growth capital partner that invests in lower middle market companies within technology and tech-enabled services. 424 Capital works in partnership with founders and management teams to accelerate and scale for long-term growth. Focusing primarily on investments in healthcare and renewable energy, we invest in, empower, and enable companies to step up, stand out, and make a difference in the world. For more information about 424 Capital, please visit 424capital.com.