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Veteran Chicago shop has a new parent
For the past several years 33-year-old Chicago shop Topin & Associates jointly pitched business and worked closely with Austin-headquartered HCB Health. HCB officially acquired Topin & Associates in early 2015. "We'd been working on the acquisition for quite a while," explains Al Topin, who is president of the Chicago office. "We're now called Topin & Associates, an HCB Health Company. Over time we'll become HCB, but we're still a freestanding agency with our own P&L and all the resources of a freestanding agency, which was part of what [both agencies] desired."
Topin & Associates' revenue was in the $5-million to $10-million range. Topin says it was up about 10%.
New business highlights included a US AOR assignment from Baxter Healthcare on its SIGMA Spectrum Infusion System (IV pumps), plus project-based corporate work. The agency had worked with Baxter before but not in recent years.
Vermillion, which awarded US-based project work on...