M&A Deal Summary

BioClinica Acquires CCBR-SYNARC

On March 12, 2014, BioClinica acquired life science company CCBR-SYNARC from Water Street Healthcare Partners and JLL Partners

Acquisition Highlights
  • This is BioClinica’s 2nd transaction in the Life Science sector.
  • This is BioClinica’s 5th transaction in the United States.
  • This is BioClinica’s 1st transaction in California.

M&A Deal Summary

Date 2014-03-12
Target CCBR-SYNARC
Sector Life Science
Buyer(s) BioClinica
Sellers(s) Water Street Healthcare Partners
JLL Partners
Deal Type Add-on Acquisition

Target

CCBR-SYNARC

Newark, California, United States
website
CCBR-SYNARC, Inc. is a medical image-analysis, subject-recruitment, and biochemical marker services enable life-science industry clients to execute clinical trials accurately while decreasing the time, uncertainty, and cost of product development.

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Buyer(S) 1

Buyer

BioClinica

Princeton, New Jersey, United States

website


Category Company
Founded 1990
Sector Life Science
Revenue 84M USD (2013)
DESCRIPTION

Bioclinica is an integrated clinical life science solutions provider, delivering powerful insight into clinical trial development, assuring greater client success in bringing medical therapies to market, for people around the world. Through deep medical, scientific, and technology expertise, the company provides medical imaging and cardiac safety services; clinical adjudication; randomization and trial supply management and optimization; electronic and eSource data capture; site and patient payments; clinical trial management software; and drug safety solutions. Bioclinica’s global team of life science experts serves more than 500 pharmaceutical, biotechnology, and device organizations including the top 20 biopharmaceutical companies and leading CROs through offices in North America, Europe, and Asia. Bioclinica was formed in 1990 and is based in Princeton, New Jersey.


DEAL STATS #
Overall 6 of 13
Sector (Life Science) 2 of 3
Type (Add-on Acquisition) 5 of 12
State (California) 1 of 3
Country (United States) 5 of 12
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-15 CoreLab Partners

Princeton, New Jersey, United States

CoreLab Partners, Inc. is a provider of linical trials, medical image assessment, and cardiac safety solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-16 Blueprint Clinical

Bellingham, Washington, United States

Blueprint Clinical, Inc. is a provider of risk based monitoring technology, designed to change the way clinical trial monitoring professionals work.

Buy -

Seller(S) 2

SELLER

Water Street Healthcare Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Water Street is a specialist private equity firm that targets investments in healthcare companies. Specific areas of interest within healthcare include diagnostic devices, medical products, pharmaceutical services, specialty distribution, specialty pharmaceuticals, and specialty services. Water Street targets non-core units of larger corporations and private middle-market companies. Transactions are typically valued between $50 and $500 million. Water Street does not invest in biotechnology, traditional healthcare facilities (hospitals, nursing homes) or early-stage companies without positive cash flow. Water Street was formed in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 17 of 31
Sector (Life Science) 4 of 7
Type (Add-on Acquisition) 13 of 19
State (California) 4 of 6
Country (United States) 17 of 30
Year (2014) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-02 Medical Specialties Distributors

Stoughton, Massachusetts, United States

Medical Specialties Distributors LLC is a provider of infusion products, supplies, biomedical services and technology solutions to the growing home infusion therapy market. Medical Specialties Distributors LLC was founded in 1982 and is based in Stoughton, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-03 Take Care Employer Solutions

Conshohocken, Pennsylvania, United States

Take Care Employer Solutions LLC is a provider of healthcare services.

Buy -
SELLER

JLL Partners

New York, New York, United States

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1988
PE ASSETS 5.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

JLL Partners, Inc. is a private equity investment firm that invests alongside management in middle-market companies. JLL prefers control investments in sectors such as healthcare services, medical products, food and consumer products, chemicals, broadcasting, transportation, automotive, industrial manufacturing, and distribution. In addition to traditional buyout transaction, JLL also seeks distressed/turnaround situations. JLL Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 12 of 20
Sector (Life Science) 2 of 4
Type (Add-on Acquisition) 5 of 6
State (California) 3 of 3
Country (United States) 12 of 19
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-11 DPx Holdings BV

Framingham, Massachusetts, United States

DPx Holdings BV is a provider of development and manufacturing services, pharmaceutical products and technologies and select chemical products for other industries. DPx Holdings was founded in 2014 and is based in Framingham, Massachusetts.

Buy $2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Pioneer Landscape

Highlands Ranch, Colorado, United States

Pioneer Landscape is a distributor of hardscaping materials in the southwestern United States, offering an extensive range of products, including decorative stone, sand, gravel, mulch, pavers, retaining walls, and other materials, to landscape contractors, commercial accounts and homeowners. The company has over 30 retail locations in Colorado and Arizona and sources products from a variety of suppliers, including internally operated quarries and production facilities.

Buy -