Closes Initial Financing Round Led by Gersh Venture Partners
Good Health Advertising (GHA), which
represents a collection of exceptional health and medical Web sites and
email patient lists, today announced that in its first comScore ranking,
monthly unique visitors in the US topped 8 million* putting GHA among the
top 15 health web properties, with more "Total Visits" than Yahoo! Health
and About.com Health. GHA's select portfolio of sites generates more than
43 million page views.
"Our appearance in comScore is an important milestone for the company as
many of our advertising agency colleagues utilize this service to assist
them in their media planning duties," says Robert Kadar, CEO and founder of
Good Health Advertising.
Good Health Advertising also announced it has closed an initial round of
financing led by Gersh Venture Partners based in New York City along with a
group of experienced, Internet focused individual investors. The amount
raised in this initial financing round is just under $1 million.
"Good Health Advertising provides health-focused marketers and their
advertising agencies with one of the most effective advertising solutions
available to the health industry. We call it a 'start-up with a head
start' in that Good Health Advertising so quickly amassed over 8 million
unique in a record amount of time," says Lewis Gersh, Managing Partner of
GVP. "GHA provides integrated, targeted buy opportunities for major
marketers across a network of high-quality health and medical properties
plus condition-specific email patient lists. This allows marketers to
efficiently buy and have their dollars optimized across the best niche
properties that could never effectively represent themselves. Good Health
Advertising is the cure for health marketers."
"The health category is the second-largest advertising segment in the US
and the Internet has emerged as the number one source of consumer health
and medical information available today. Millions of consumers, patients
and caregivers access health information online everyday often bypassing
the big portals and navigating directly to more condition specific health
sites offering a deeper and richer user experience," says Mr. Robert Kadar,
founder and CEO of Good Health Advertising. "Our goal is to identify the
best of these emerging and fast growing health and medical publishers and
make them available to the leading pharmaceutical companies and their
advertising agencies for targeted and impactful, educational and
promotional programs.
"Good Health Advertising is dedicated to serving the needs of these
publishing partners many of whom are top 50 ranked comScore sites in their
own right. We make it easy for our advertisers to reach valuable and
desirable sites and audiences they may otherwise miss," concludes Mr.
Kadar.
According to Mike Edelhart, Managing Director of First30 Services and CEO
of Live Deal, who serves on the Good Health Advertising Board of Directors,
"We live in the age of the empowered patient. More and more people are
using the Internet to improve their health and manage the health challenges
that they or their loved ones might be facing. Good Health Advertising is
in the perfect position to capitalize on this important trend as they
partner with the types of sites attracting this new generation of empowered
patients. In a very short period of time, Good Health Advertising has
emerged as an important and sizeable player in the online Health industry"
Gersh Venture Partners, LLC (http://www.gvp.vc) is a boutique venture
capital firm that invests in seed and early-stage technology companies in
the online media and transaction processing sectors. In addition to GHA
(www.GoodHealthAdvertising.com), online media portfolio companies also
include FetchBack (www.fetchback.com), Precision Prospects
(www.PrecisionProspects.com), Directories (www.directories-inc.com),
Lookery (www.lookery.com), DesignBuggy (www.DesignBuggy.com) and
IndustryBrains (www.IndustryBrains.com), which was sold to Marchex. Many
GVP portfolio companies share space in one of two "incubator" environments
in New York City.
Individual investors: William Benedict, CEO of Alpine Meridian and
an advisor to corporations in sectors including digital media, healthcare
information, and electronic payments; Tania Modic, who runs Western
Investments Capital, LLC whose investments include, Xoom.com which went
public and was acquired by NBC;
Larry Braitman, an online advertising veteran who co-founded of Flycast
Communications in 1996 which was acquired by CMGI (NASDAQ: CMGI) and more
recently Adify, recently acquired by Cox Enterprises; Richard Thompson,
founding CEO of Flycast Communications which was acquired by CMGI and who
was the co-founder and former SVP of Adify; and Geoff Judge who co-founded
24/7 Real Media which went public and was acquired by WPP Group plc.
(NASDAQ: WPPGY).
New York-based Good Health Advertising (www.goodhealthadvertising.com)
provides advertisers and ad agency partners an efficient and realizable new
way to reach the long-tail of online health consumers while also providing
health information publishers with a dependable, high-quality revenue
stream. Privately held GHA represents a collection of high-quality health
focused Web sites and patient email lists, offering advertisers a monthly
reach of over 8 million health information consumers.
GHA was founded by Robert Kadar, who was in charge of national advertising
sales
for the Healthology division of iVillage, an NBC Universal Company where he
helped launch the first advertising sales efforts for this medical content
syndicator. Prior to this, Robert was a Vice President in the DoubleClick
Media Division recently purchased by Google where he spent over five years
building and managing the original DoubleClick Advertising Network and
managed the global AltaVista relationship, DoubleClick's largest and most
important publishing partner. For more information visit
http://www.goodhealthadvertising.com/contact.html or write to
Information@GoodHealthAdvertising.com
*(comScore "Media Sets with Duplication" -- June 2008)
George H. Simpson Communications
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