PRH acquires independent self-help publisher Hay House

Penguin Random House has acquired independent self-help and wellness publisher Hay House.

Nihar Malaviya, c.e.o. of Penguin Random House, and Reid Tracy, c.e.o. of Hay House, announced the acquisition on 12th December 2023 but the terms of the deal were not disclosed. The news comes just two months after PRH UK announced its acquisition of Hardie Grant’s UK publishing business. 

Currently a client of Penguin Random House Publisher Services (PRHPS), Hay House will now be able to "further leverage" the resources capabilities of PRH, a press statement said. It will retain its editorial and publishing independence and Tracy will continue to run Hay House as its c.e.o. post-closing. No changes are planned for its London, New York and Carlsbad offices or its management and employees.

Founded by You Can Heal Your Life author Louise Hay, Hay House offers online courses, virtual events, a podcast and the audio content app Empower You. It publishes more than 100 titles a year and has a backlist of more than 1,500 titles from authors including Wayne Dyer, Suze Orman, Esther Hicks and Gabrielle Bernstein.

Tracy said: “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. It is wonderful that we will keep our independence and pursue our main mission which is to help people around the world to improve their lives.”

Malaviya added: “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. Hay House is one of the most recognised health, wellness, and self-help brands in the world, and we look forward to working with Reid and his team on expanding their innovative and diverse product offerings.”