M&A Deal Summary

ConnectiveRx Acquires PDR Network

On December 4, 2015, ConnectiveRx acquired healthcare services company PDR Network from Lee Equity Partners

Acquisition Highlights
  • This is ConnectiveRx’s 1st transaction in the Healthcare Services sector.
  • This is ConnectiveRx’s 2nd transaction in the United States.
  • This is ConnectiveRx’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2015-12-04
Target PDR Network
Sector Healthcare Services
Buyer(s) ConnectiveRx
Sellers(s) Lee Equity Partners
Deal Type Add-on Acquisition

Target

PDR Network

Montvale, New Jersey, United States
PDR Network is a provider of behavior-based prescription management programs, PDR provides event-driven and clinically relevant healthcare messaging through its patented process that improves patient compliance and outcomes, while preserving privacy. PDR Network is based in Montvale, New Jersey.

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Buyer(S) 1

Buyer

ConnectiveRx

Whippany, New Jersey, United States
Category Company
Founded 2005
Sector Information Technology
DESCRIPTION

ConnectiveRx is a provider of outsourced commercialization services to over 140 drug manufacturers. The Company works as a strategic partner to pharmaceutical brand teams, offering solutions that improve patient affordability, access, and adherence to traditional and specialty prescription medications. ConnectiveRx was founded in 2005 and is based in Whippany, New Jersey.

DEAL STATS #
Overall 2 of 5
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (New Jersey) 1 of 2
Country (United States) 2 of 5
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-04 Triax Media Group

Louisville, Kentucky, United States

Triax Media Group LLC provides marketing and communication solutions for Fortune 500 companies in the healthcare sector.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-15 Careform

Pittsburgh, Pennsylvania, United States

Careform is a provider of simplify access to specialty pharmaceuticals through technology-enabled patient support services. BrandHub delivers inventory management, EHR integration and therapy cycle management to identify and remove barriers to patient access through its team of logistics experts dedicated to advancing the customer’s brand to providers, payers and patients.

Buy -

Seller(S) 1

SELLER

Lee Equity Partners

New York, New York, United States
Category Private Equity Firm
Founded 2006
PE ASSETS 4.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lee Equity Partners is a private investment firm that looks for buyout and growth capital investments across a range of industries. Lee Equity Partners seeks investments requiring $50 to $150 million of equity capital. Lee Equity Partners was formed in 2006 by Thomas H. Lee, formerly of Thomas H. Lee Partners, LP.

DEAL STATS #
Overall 6 of 17
Sector (Healthcare Services) 2 of 5
Type (Add-on Acquisition) 2 of 6
State (New Jersey) 1 of 2
Country (United States) 5 of 16
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-12 The Edelman Financial Group

Houston, Texas, United States

Edelman Financial Services provides financial planning and investment management services to more than 28,000 individuals and families and manages more than $15 billion in assets.(2) The firm also provides 401(k) plans and institutional investment management for businesses.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-22 Project Pie

Carlsbad, California, United States

Project Pie LLC is a casual pizza chain based in Carlsbad, California.

Sell -
Mergr

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