M&A Deal Summary

Clario Acquires Covance Cardiac Safety Services

On November 27, 2007, Clario acquired medical products company Covance Cardiac Safety Services from Covance for 35M USD

Acquisition Highlights
  • This is Clario’s 1st transaction in the Medical Products sector.
  • This is Clario’s 2nd largest (disclosed) transaction.
  • This is Clario’s 1st transaction in the United States.
  • This is Clario’s 1st transaction in Nevada.

M&A Deal Summary
Date 2007-11-27
Target Covance Cardiac Safety Services
Sector Medical Products
Buyer(s) Clario
Sellers(s) Covance
Deal Type Divestiture
Deal Value 35M USD

Target

Covance Cardiac Safety Services

Reno, Nevada, United States
Covance Cardiac Safety Services, Inc. processes electrocardiograms in digital environment.

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Buyer(S) 1

Buyer

Clario

Philadelphia, Pennsylvania, United States

website

Category Company
Founded 1972
Sector Medical Products
Employees3,800
DESCRIPTION

Clario offers a compelling combination of technology, services, and clinical expertise, helping customers to deliver successful clinical trial outcomes by ensuring high-quality data capture, reduced costs, and shortened study timelines. Clario was founded in 1972 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 1 of 10
Sector (Medical Products) 1 of 3
Type (Divestiture) 1 of 2
State (Nevada) 1 of 1
Country (United States) 1 of 8
Year (2007) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-01 CareFusion - Research Services Division

United States

CareFusion - Research Services Division provides services to 16 of the 20 largest pharmaceutical companies and has supported clinical trials in more than 75 countries and more than 25,000 investigator sites.

Buy $81M

Seller(S) 1

SELLER

Covance

Princeton, New Jersey, United States

website

Category Company
Founded 1987
Sector Life Science
Revenue 2.6B USD (2013)
DESCRIPTION

Covance is a drug development company and a provider in nutritional analysis, is dedicated to advancing healthcare and delivering Solutions Made Real. Covance was founded in 1987 and is based in Princeton, New Jersey.

DEAL STATS #
Overall 2 of 4
Sector (Medical Products) 1 of 1
Type (Divestiture) 2 of 4
State (Nevada) 1 of 1
Country (United States) 2 of 3
Year (2007) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-26 Covance Pharmaceutical Packaging Services

Allentown, New Jersey, United States

Covance Pharmaceutical Packaging Services (CPPS) is a worldwide, leading provider of contract packaging services for clinical trials to major pharmaceutical and biotechnology companies, with state-of-the-art manufacturing and packaging facilities in Allentown, Pa.; Basel, Switzerland; and Horsham, U.K.

Sell $138M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-06 Eli Lilly & Co - Greenfield Laboratories

Greenfield, Indiana, United States

Eli Lilly & Co - Greenfield Laboratories provides toxicology testing and research and development support functions. The Laboratories are based in Greenfield, Indiana.

Buy $50M
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