30 Oct2014
Mayo Clinic Bankruptcy Diet
Written by CFB Blogger. Posted in Blog
Good Books, the publisher of the numerous
Mayo Clinic books, filed for Chapter 7 bankruptcy in December 2013, just short of one year ago.
Skyhorse Publishing and
The Perseus Books Group, a publishing company from New York, has recently submitted the top bid to purchase the Mayo Clinic books and now owns the rights to the self-help guide tomes.
The publisher bought the rights to the books, as well as other assets, for $1.57 million at a bankruptcy auction. Perseus also agreed to pay Mayo over $317,000 to cover royalties that had not been paid by Good Books.
According to a story by Jeff Kiger for
www.postbulletin.com, Skyhorse’s president and publisher Tony Lyons averred that, although there were challenges to the deal, a mutually-satisfying arrangement was eventually reached.
From the news article: Mayo Clinic spokesman Brian Kilen stated, “’We had a successful relationship with Good Books, as evidenced by the diet book hitting No. 1 on the New York Times bestseller list, and the steady growth of the Mayo Clinic Guide to a Healthy Pregnancy. We are pleased to be expanding our relationship with Perseus, who is a major publisher with whom we expect to continue the tradition of publishing Mayo Clinic books that provide evidence-based health information to consumers.’”
The other Mayo Clinic titles that were included as part of the deal are:
“Mayo Clinic Diet”, “Mayo Clinic Diet Journal”, “The Mayo Clinic Diabetes Diet”, “Mayo Clinic Guide to a Healthy Pregnancy”, “Mayo Clinic Guide to Your Baby’s First Year”, “The Mayo Clinic Breast Cancer Book”, “The Mayo Clinic Kids’ Cookbook” and the soon-to-be-published
“Mayo Clinic Guide to Fertility and Conception”.
Perseus will publish the Mayo titles under its
Da Capo Lifelong line of books, which already includes
“The Mayo Clinic Guide to Stress-Free Living” and the upcoming
“Mayo Clinic Handbook for Happiness”, the Post-Bulletin article reports.
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