Advarra, the premier provider of institutional review board (IRB), institutional biosafety committee (IBC), quality and compliance consulting services, and research technology solutions, is pleased to announce the acquisition of IntegReview IRB, an AAHRPP-accredited central IRB. As a market leader in early phase clinical research, the addition of IntegReview enables Advarra to continue its expansion of comprehensive review solutions capabilities in North America. The Austin, Tex. headquarters for IntegReview will become the first Advarra office in the southern US. The acquisition also increases depth of expertise in many key areas, most notably in early phase research.
The Planet Group (“Planet”), a leading provider of outsourced human capital and consulting solutions and a portfolio company of MidOcean Partners, announced today that it has entered into an agreement to acquire NDA Partners, a global life sciences management consulting and contract development organization focused on providing innovative product development and regulatory services to the pharmaceutical, biotechnology and medical device industries. Headquartered outside of Washington, DC, NDA Partners was founded in 2003 by 10 former FDA officials and pharmaceutical industry executives who have pioneered some of the most innovative modern approaches to medical product development and regulatory review.
OpenGate Capital, a global private equity firm, announced today that it has acquired Aurotech, Inc. (“Aurotech”) from the founder of the business through a majority interest investment. Aurotech’s founder, Mr. Hetal Patel, continues to serve as President and CEO. Terms of the transaction were not disclosed. Founded in 2007, Aurotech is a provider of digital services and business solutions for US federal healthcare and adjacent civilian agencies for which they design and implement information technology plans and build technology powered business tools.
Accenture (NYSE: ACN) has entered into an agreement to acquire Paris-based OpusLine, one of the leading consulting companies that provides strategic advisory and transformational services to public- and private-sector healthcare providers as well as life sciences and insurance companies in France. Founded in 2012, OpusLine is one of France’s largest independent health consulting companies, employing more than 85 consultants. Following the acquisition, OpusLine’s employees would join the newly created Health practice of Accenture Strategy & Consulting and enhance its ability to help clients innovate and deliver digital innovation across their organizations.
Welsh, Carson, Anderson & Stowe (“WCAS”), a leading technology-focused private equity firm, announced today it has made a strategic investment in GovernmentCIO (“GovCIO”), a leading provider of high-end technology and digital solutions to the Federal Health IT Services market. WCAS’s investment in GovCIO will support continued organic growth in its existing customer footprint, adjacent customers and expansion into new customers and capability areas through a focused acquisition strategy.
Medical Knowledge Group, LLC (“Medical Knowledge Group” or “MKG”), an analytics-driven and technology-enabled multichannel health care marketing and communications conglomerate whose operating companies serve the biopharmaceutical industry, has acquired Magnolia Innovation, a premier market research and strategy consulting firm. Founded in 2013, Magnolia Innovation has a strong reputation for leveraging market insights to drive business strategy and execution.
Healthcare giant Providence announced the creation of a new services company called Tegria that combines nine of its existing investments and acquisitions into one offering. Seattle-based Tegria will consist of more than 2,500 employees who already serve more than 350 organizations across North America. The Accenture-like organization will initially focus on healthcare consulting and technology services; revenue cycle management solutions; and software technology and platforms.
The Henry M. Jackson Foundation for the Advancement of Military Medicine, Inc. (HJF), a global nonprofit and trusted partner in military medical research, announced the acquisition of CAMRIS International, LLC, an international development and health research firm. CAMRIS combines research and technical assistance expertise of more than 250 employees with modern, evidence-based practices to develop innovative solutions to complex problems. With experience spanning all regions of the world, its primary focus is on military medical research and global health, benefitting partners and populations everywhere the team works.
Today, Blue Wolf Capital Partners (“Blue Wolf”), a New York-based private equity firm, announced the completion of the sale of Pharmaceutical Strategies Group’s 340B business (“PSG”) to Omnicell, Inc. (NASDAQ:OMCL), a leading provider of medication management solutions and adherence tools for health systems and pharmacies. PSG’s 340B Link business is being acquired for $225 million, and the sale marks the exit of Blue Wolf’s last portfolio company in Blue Wolf Capital Fund II. Additional terms of the transaction were not disclosed.
Nordic, a top-rated healthcare consulting firm, announced Thursday its acquisition of Tasman Global, a healthcare IT consulting company headquartered in the Netherlands with offices throughout Europe and Asia. Tasman will continue to operate and serve customers under its brand as part of Nordic. Tasman is Nordic’s third acquisition in recent years. In addition to its acquisition of Healthtech in 2019, Canada’s leading strategic healthcare IT consulting firm, led by its President Terri LeFort, Nordic acquired the revenue cycle transformation practice of The Claro Group in 2018, complementing Nordic’s offerings with robust revenue cycle solutions for its healthcare customers.
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