Penguin Random House has acquired Hay House, the self-help and health and wellness publisher founded by bestselling You Can Heal Your Life author Louise Hay in 1984. Terms of the transaction, which was brokered by Oaklins DeSilva+Philips, were not disclosed.
Reid Tracy, CEO of Hay House, will continue to run the publisher, which will "retain its editorial and publishing independence," after the deal closes, the companies said in a statement. In addition, "no changes are planned" for Hay House's employees, management, or offices in Carlsbad, Calif., New York, and London.
“I am excited to remain at the helm of Hay House in partnership with our incredible team of employees with the added support and resources of Penguin Random House who have been an essential partner through PRHPS for many years,” Tracy said in a statement. Hay House publishes more than 100 titles a year, and boasts a backlist of more than 1,500 titles. It has been a client of Penguin Random House Publisher Services since 2018.
“As we deepen our relationship with Hay House, we are thrilled to support the company’s growth and explore the areas of opportunity in their publishing services,” PRH CEO Nihar Malaviya said in a statement. “Hay House is one of the most recognized health, wellness, and self-help brands in the world, and we look forward to working with Reid and his team on expanding upon their innovative and diverse product offerings.”
The deal is the most recent in a string of acquisitions made by PRH this year, beginning with the purchase of Payaway Products in February, increasing its stake in Sourcebooks to 53%, and funding Sourcebooks' purchase of the assets of Callisto Media.
