DHI Group, Inc. (NYSE: DHX), a leading online career resource and talent acquisition platform for technology professionals and other select professional communities, today announced that it has sold its Health eCareers business to Everyday Health Professional, a subsidiary of j2 Global, for approximately $15 million in cash. The transaction closed on December 4, 2017 and DHI will use the proceeds to reduce the balance on its revolving credit facility and support strategic initiatives.
DHI previously announced its intention to divest four of its non-tech businesses in May 2017 as part of a strategy to focus on tech and helping technology professionals manage their careers. Consistent with its strategy, DHI continues to pursue the divesture of its remaining non-tech businesses.
"This is a great fit for Health eCareers, joining one of the leading providers of digital health marketing and communications solutions targeted to healthcare professionals. While already successful, Health eCareers will no doubt thrive by being under the same roof as Everyday Health Professional," said Michael Durney, President and CEO of DHI Group, Inc. "We are pleased with the outcome of this transaction, as it helps to advance DHI's strategic goal of becoming the leading provider of talent acquisition and career management solutions focused on tech professionals, which we believe will ultimately enhance DHI shareholder value."
About DHI Group, Inc.
DHI Group, Inc. (NYSE: DHX) is a leading provider of data, insights and employment connections through our specialized services for technology professionals and other select online communities. Our mission is to empower tech professionals and organizations to compete and win through expert insights and relevant employment connections. Employers and recruiters use our websites and services to source, hire and connect with the most qualified and highly-skilled tech professionals, while professionals use our websites and services to find ideal employment opportunities, relevant job advice and tailored career-related data. For over 25 years, we have built our Company on providing employers and professionals with career connections, news, tools and information. Today, we serve multiple markets located throughout North America, Europe, the Middle East and the Asia Pacific region. Find out more at http://www.dhigroupinc.com/home-page/default.aspx