Divestiture • Business Services

Cambridge Healthtech Institute Acquires Barnett International

On April 3, 2008, Cambridge Healthtech Institute acquired business services company Barnett International from Parexel

Acquisition Context
  • This is Cambridge Healthtech Institute’s 1st transaction in the Business Services sector.
  • This is Cambridge Healthtech Institute’s 1st transaction in the United States.
  • This is Cambridge Healthtech Institute’s 1st transaction in Virginia.

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M&A Deal Summary

Date April 3, 2008
Target Barnett International
Sector Business Services
Buyer(s) Cambridge Healthtech Institute
Sellers(s) Parexel
Deal Type Divestiture

Target Company

Barnett International

Centreville, Virginia, United States
Barnett International is widely recognized for its superior consulting services and its targeted education and training programs.
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Buyer Overview 1

Buyer

Cambridge Healthtech Institute

Needham, Massachusetts, United States

Category Company
Founded 1992
Sector Healthcare Services
DESCRIPTION

Cambridge Healthtech Institute (CHI) is the preeminent life science network for researchers and business experts from top pharmaceutical, biotech and academic organizations.


Deal Context for Buyer #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
State: Virginia 1 of 1
Country: United States 1 of 1
Year: 2008 1 of 1

Seller Profile 1

SELLER

Parexel

Durham, North Carolina, United States

Category Company
Founded 1983
Sector Life Science
Revenue 2.3B USD (2015)
DESCRIPTION

Parexel is a global provider of clinical research and consulting services to the pharma and biotech industry. Parexel’s services enable the development of innovative new medicines that improve the health of patients across the world. Parexel was founded in 1983 and is based in Durham, North Carolina.


Deal Context for Seller #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
State: Virginia 1 of 1
Country: United States 1 of 1
Year: 2008 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-26 APEX International Clinical Research Co.

Taipei, Taiwan

APEX International Clinical Research Co. Ltd. is a provider of wide range of clinical research service offerings throughout the Asia-Pacific region, including mainland China, Hong Kong, India, Taiwan, Singapore, Indonesia, South Korea, Malaysia, Thailand, the Philippines, New Zealand, and Australia.

Buy $51M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-14 ClinPhone

Nottingham, United Kingdom

Clinphone operates as a clinical technology organization that provides interactive voice response and electronic data capture services primarily to the pharmaceutical industry in Europe and the United States.

Buy -