A New York publisher now owns the rights to nine Mayo Clinic books, including the popular Mayo Clinic Diet book, after buying them and other assets for $1.57 million at a bankruptcy auction.
Skyhorse Publishing and The Perseus Books Group submitted the top bid to buy the assets of Good Books last week. Good Books, which had published the Mayo Clinic Diet book since 2010, filed for Chapter 7 bankruptcy in December 2013.
“The logistics of this deal were very challenging, and there were many twists and turns, but we found a way to bring the various groups together to make this work for all parties,” stated Skyhorse’s president and publisher Tony Lyons in the announcement of acquisition.
Some industry media reported that Mayo Clinic balked the deal at first. However, it moved ahead when Perseus agreed to pay Mayo Clinic $317,263 to cover past royalties that Good Books had not paid.
"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," said Mayo Clinic Spokesman Brian Kilen. "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 part of the deal are, 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.
Mayo Clinic says the nine books in this deal represent about about one-third of its line of books. It also publishes titles like Mayo Clinic Book of Alternative Medicine with Time Home Entertainment as well as self-publishing disease- and condition-specific books on topics such as arthritis, diabetes and breast cancer.
Mayo Clinic declined to discuss how much revenue its books generate for the institution annually.