Surge Private Equity Completes Elite Clinical Network Acquisition

Surge Private Equity Completes Elite Clinical Network Acquisition

Surge Private Equity announced that it has formed a new strategic partnership with Elite Clinical Network. The transaction is valued at approximately $200 million and was closed with debt financing provided by affiliates of MGG Investment Group.  Elite Clinical Network is an integrated platform currently operating a network of phase I-IV clinical research sites throughout California, Arizona and Nevada. The company has completed thousands of studies since its founding in 2003.  Surge Private Equity is a Dallas-based private equity firm that seeks majority investments in growing businesses with $3 million to $30 million of EBITDA. It was founded in 2017.  The deal advisors... Read More »
Walgreens and Pearl Health Launch Partnership to Advance Value-Based Care Delivery

Walgreens and Pearl Health Launch Partnership to Advance Value-Based Care Delivery

Deerfield, Illinois-based Walgreens, a division of Walgreens Boots Alliance, Inc. (WBA), and Pearl Health announced on September 12 a partnership to expand the retailer’s push into value-based care.  Walgreens will provide value-based care services to provider partners through the agreement with Pearl Health. The companies will help clinicians transition to value-based reimbursement, starting with Accountable Care Organization Realizing Equity, Accountability and Community Health (ACO REACH) members.  Pearl Health is a technology company that helps independent physician practices participate in value-based care models.  Walgreens is included in the U.S. Retail Pharmacy and... Read More »
PE-Backed Acacium Group Acquires SUMO Medical Staffing

PE-Backed Acacium Group Acquires SUMO Medical Staffing

Acacium Group, backed by private equity firm Onex Corp., announced on September 8 that it acquired Sumo Medical Staffing for an undisclosed price.  Headquartered in Draper, Utah, SUMO Medical Staffing is a locum tenens agency dedicated to placing qualified physicians and advanced practice providers in temporary and permanent positions across the United States. The company places medical professionals in specialties including psychiatry, internal medicine, hospitalist, family medicine, ER/urgent care and pediatrics.  Acacium Group is one of the United Kingdom’s largest healthcare workforce solutions and services partner dedicated to offering staffing, managed services and... Read More »
Surge Private Equity Completes Elite Clinical Network Acquisition

Havencrest Announces Majority Investment in Tekton Research

Dallas-based Havencrest Capital Management has announced a majority investment in Tekton Research, LLC. According to data captured in the LevinPro HC database, this transaction represents the 25th clinical trials acquisition of 2023.  Founded in 2006 and headquartered in Austin, Texas, Tekton Research is a clinical trial site network with 23 sites across Texas, Colorado, Georgia, Kansas and Oklahoma. Tekton conducts clinical trials across several therapeutic areas, including vaccines and infectious disease, neurology, endocrinology, immunology and dermatology, among others.  Havencrest is a committed capital, lower middle-market private equity investment firm focused exclusively... Read More »
Cerba HealthCare Acquires Canadian CRO Cirion BioPharma Research

Cerba HealthCare Acquires Canadian CRO Cirion BioPharma Research

Cerba HealthCare announced on September 7 that it has acquired Cirion BioPharma Research, a contract research organization (CRO) in Laval, Quebec.  Cirion BioPharma Research is a Canadian contract research laboratory providing global central laboratory services for clinical studies and research and development services.  Cerba Healthcare is a leader in clinical pathology specializing in local clinical pathology, specialized clinical pathology and central lab testing for clinical trials. Its shareholders include Partners Group and the Public Sector Pension Investment Boards. Cirion will rank under Cerba HealthCare’s business unit Cerba Research adding to its global network of... Read More »
HiRO Acquires U.S.-Based CRO Courante Oncology

HiRO Acquires U.S.-Based CRO Courante Oncology

Harvest Integrated Research Organization (HiRO) announced its acquisition of Courante Oncology, a full-service clinical research organization (CRO) based in Excelsior, Minnesota. According to data captured in the LevinPro HC database, this transaction represents the 26th CRO acquisition of the year.  Courante Oncology provides clinical research consulting and services to pharmaceutical and medical device companies that are developing oncology products.  HiRO is a CRO based in Shanghai, China. With global operations and integration capabilities, it provides a range of solutions and services to its clients, including early pre-clinical strategic planning, clinical trial design,... Read More »