Healthcare information provider Wolters Kluwer Health (WK Health), US, has acquired open access publisher Medknow Pvt Ltd. The acquisition expands Wolters Kluwer Health's Medical Research business' presence in key developing markets and supports its strategy to increase locally written content and incorporate more open access platforms into its business model. Terms of the deal were not disclosed.
Founded in 1977, Medknow has a strong portfolio of more than 155 journals and offers much of its content electronically. The company has strong market share among journals published in India and also has a growing presence in Asia Pacific and the MEA region. In addition to its print and electronic journal content, the company provides an electronic peer-review system for authors and editors, ensuring high quality clinical research. The deal will enable Wolters Kluwer Health to accelerate advances in the open access arena. It also furthers the company's growth strategy of continued investment in international expansion in key emerging markets across the globe.
For WK Health customers, the deal means expanded access to medical content in more markets around the world. Medknow's journals will join an extensive portfolio of nearly 300 practitioner journals, including those which are published by WK Health's Lippincott Williams & Wilkins brand and additional journals made available through society partnerships. There will also be opportunities via Wolters Kluwer Health's Ovid brand, which is the online source for the latest electronic research information used by the world's leading universities, academic research libraries, hospitals and pharmaceutical companies, among others.
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