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Wolters Kluwer NV: Wolters Kluwer Agrees to Acquire Learner's Digest International, a Leading Provider of Continuing Medical Education for Physicians

August 14, 2015 - Wolters Kluwer's Health Division today announced that it has
entered into an agreement to acquire 100% of Learner's Digest International,
LLC, for $150 million in cash.

Learner's Digest is a leading provider of independent continuing medical
education (CME) to physicians in the U.S. Operationally, the company will
become part of Wolters Kluwer Health Learning, Research&Practice (LR&P), and
will bring a range of offerings that are complementary to LR&P's existing
strengths in quality medical, nursing and other healthcare information

The company offers a mobile medical education platform via an advanced audio
app and robust media player. The Learner's Digest platform greatly simplifies
the traditional CME process, enabling physicians to conveniently access
educational content and to efficiently manage and complete their
certification and professional development requirements.

Learner's Digest had revenues of $39 million in 2014, and has seen robust
growth in recent years. Approximately 80% of revenues are subscription or
membership-based and over 90% of revenues are from digital and services
offerings. The acquisition is expected to deliver a return above Wolters
Kluwer's after tax cost of capital (8%) within 3 to 5 years, and is expected
to enhance earnings slightly in its first full year after closing. The
transaction is subject to customary closing conditions, including the receipt
of required regulatory approvals.

"Physicians are facing increased complexity in managing their continuing
medical education and professional development requirements," said Cathy
Wolfe, President&CEO of Wolters Kluwer Health Learning, Research&Practice.
"At the same time, physicians are looking for more mobile access to
information that saves time and improves efficiency in their daily work.
Learner's Digest has built a leadership position in providing CME with mobile
audio learning solutions that deliver a personalized clinical-knowledge
resource embedded into the clinician's daily work."

Together, following closing, Wolters Kluwer and Learner's Digest will combine
their strengths to provide comprehensive lifelong learning solutions that
enable clinicians to easily manage complex CME requirements and to stay
current with the latest research and standards of clinical care so that they
are in a position to improve the quality of care they deliver to their

"We have continually evolved our solution to deliver convenient access to
authoritative content that helps to simplify the increasingly complex CME and
Board requirements for physicians today," said Fred Studier, President&CEO,
Learner's Digest International. "We are energized about becoming part of
Wolters Kluwer, and extending the reach of our combined offerings to help
more physicians become better physicians through effective medical

Founded in 2008, Learner's Digest is headquartered in Glendale, California and
has approximately 120 employees. Housatonic Partners is the principal
shareholder of Learner's Digest International, LLC.

About Wolters Kluwer

Wolters Kluwer is a global leader in professional information services.
Professionals in the areas of legal, business, tax, accounting, finance,
audit, risk, compliance and healthcare rely on Wolters Kluwer's market
leading information-enabled tools and software solutions to manage their
business efficiently, deliver results to their clients, and succeed in an
ever more dynamic world.

Wolters Kluwer reported 2014 annual revenues of €3.7 billion. The group serves
customers in over 170 countries, and employs over 19,000 people worldwide.
The company is headquartered in Alphen aan den Rijn, the Netherlands. Wolters
Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the
AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American
Depositary Receipt program. The ADRs are traded on the over-the-counter
market in the U.S. (WTKWY).

Wolters Kluwer Health is a leading global provider of information and point of
care solutions for the healthcare industry. For more information about our
products and organization,,
follow@WKHealthor@Wolters_Kluweron Twitter, like us onFacebook, follow us
onLinkedIn, or follow WoltersKluwerComms onYouTube.

About Learner's Digest International, LLC

Learner's Digest is a leading provider of independent (non-pharma funded)
continuing medical education (CME) to physicians and other healthcare
professionals in the U.S. Founded in 2008, with origins as the Audio Digest
Foundation dating back to 1952, the company has developed a mobile audio
learning platform that simplifies the traditional, time-consuming CME
process, enabling physicians to efficiently and conveniently manage and
comply with licensure, certification and professional development
requirements. For more information on Learner's Digest,

About Housatonic Partners

Housatonic Partners is a private equity investment firm founded in 1994 with
over $1 billion in capital under management. They invest in growing,
profitable companies in the recurring services, media and communications
industries. They have partnered with exceptional management teams in more
than eighty small-to-midsized companies in these industries since 1994.

| Media: Investors / Analysts: |
| Connie Hughes Meg Geldens |
| Director, Corporate Vice President, Investor Relations |
| Wolters Kluwer Health Learning, Research&Practice Wolters Kluwer |
| (646) 674-6348 + 31 (0)172 641 407 |
| |
Forward-looking Statements

This press release contains forward-looking statements. These statements may
be identified by words such as "expect", "should", "could", "shall", "will"
and similar expressions. Wolters Kluwer cautions that such forward-looking
statements are qualified by certain risks and uncertainties that could cause
actual results and events to differ materially from what is contemplated by
the forward-looking statements. Factors which could cause actual results to
differ from these forward-looking statements may include, without limitation,
risks relating to the consummation of the proposed transaction, including the
risk that the closing conditions of the transaction will not be satisfied;
any difficulties associated with requests or directions from governmental
authorities resulting from their review of the proposed transaction;
litigation relating to the proposed transaction or its consummation;
unexpected costs, charges or expenses resulting from the proposed transaction
or its consummation; any operational or financial difficulties associated
with the integration of Wolters Kluwer's and Learner's Digest's businesses;
general economic conditions; conditions in the markets in which Wolters Kluwer
is engaged; behavior of customers, suppliers, and competitors; technological
developments; the implementation and execution of new ICT systems or
outsourcing; and legal, tax, and regulatory rules affecting Wolters Kluwer's
businesses. In addition, financial risks such as currency movements, interest
rate fluctuations, liquidity, and credit risks could influence future
results. The foregoing list of factors should not be construed as exhaustive.
Wolters Kluwer disclaims any intention or obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events, or otherwise

PDF version of Press Release


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wolters Kluwer NV via Globenewswire


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