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Dice acquires onTargetjobs for $50 million

November 08 2013

Job Dice Holdings Inc. (NYSE: DHX) acquired onTargetjobs, which includes three healthcare-related job boards, from private equity firm Warburg Pincus for $50 million in cash.

The acquired online recruiting sites include HEALTHeCareers, a healthcare recruiting site; Hcareers, a hospitality job site that brings Dice a presence in the hospitality market; and BioSpace, online community for industry news and careers for life science professionals.

The sites generated trailing 12 months revenue of approximately $38 million.

"This acquisition fits with our expansion strategy and adds the leading vertical recruiting services in healthcare and hospitality to our portfolio," said Dice CEO and President Michael Durney. "It's no secret we've wanted to be bigger in online healthcare recruiting."

The transaction closed Nov. 7 and onTargetjobs’ management will remain with Dice Holdings.

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