M&A Deal Summary

Avania Acquires IMARC

On June 22, 2021, Avania acquired life science company IMARC

Acquisition Highlights
  • This is Avania’s 1st transaction in the Life Science sector.
  • This is Avania’s 1st transaction in the United States.
  • This is Avania’s 1st transaction in Ohio.

M&A Deal Summary
Date 2021-06-22
Target IMARC
Sector Life Science
Buyer(s) Avania
Deal Type Add-on Acquisition
Advisor(s) Covington Associates (Financial)

Target

IMARC

Strongsville, Ohio, United States
IMARC is a global medical device CRO that assists clinical researchers in pursuing FDA and worldwide approvals by preparing, educating, and guiding site teams from Day One to control the complex management of trials via cost-effective monitoring, auditing, and training services — resulting in the support, proof, and assurance they seek to overcome chaos caused by complexity while achieving compliance through consistency based on competent, committed consultation and setting the highest standards for site outcomes and study partnerships. IMARC was founded in 1999 and is based in Strongsville, Ohio.

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Buyer(S) 1

Buyer

Avania

Boston, Massachusetts, United States
Category Company
Founded 1988
Sector Medical Products
Employees271
DESCRIPTION

Avania is an integrated global, full-service CRO with specialized expertise in medical devices, novel technology, and combination products. It advances products from feasibility all the way through post-approval trials in analytics, clinical trials, consulting, regulatory, reimbursement, and more. Avania was founded in 1988 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 1 of 5
Sector (Life Science) 1 of 2
Type (Add-on Acquisition) 1 of 5
State (Ohio) 1 of 1
Country (United States) 1 of 3
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-07 Maxis

San Jose, California, United States

Maxis is a medical technology development service provider with expertise in pre-clinical engineering, design validation and verification, regulatory affairs, field clinical services, and trial management. Maxis has offices in San Jose, California, and Frankfurt am Main, Germany, with additional operational staff across the regions.

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