Hive, a healthcare communications business by digital marketing firm Kin + Carta has been sold to Fishawack Medical Communications and Fishawack Midco US Holdings.
The Health Hive Group, as well as its subsidiaries, and The Health Hive and Spire digital, contributed a net revenue of six and a half million pounds to Kin + Carta in the financial year ending 31 July 2020.
“Hive has been sold to Fishawack Medical Communications and Fishawack Midco US Holding.“
CEO of Kin + Carta, J Schwan, stated: “We are pleased to have found a buyer for Hive - which is a strong business but not aligned to our focus on the DX market. We are also thankful for the service of our Hive employees over the years. The proceeds strengthen our financial position and will allow us to make additional DX acquisitions. The contribution that Spire Digital has made since we acquired it just over a year ago, as well as the accelerated transformation to digital catalysed by the pandemic confirm our belief that our focus on the fast-growing DX market will drive value for our shareholders.”