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  6. Open Health Acquires CM Group

M&A Deal Summary

Open Health Acquires CM Group

On July 28, 2022, Open Health acquired business services company CM Group from NaviMed Capital

Acquisition Highlights
  • This is Open Health’s 2nd transaction in the Business Services sector.
  • This is Open Health’s 4th transaction in the United States.
  • This is Open Health’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2022-07-28
Target CM Group
Sector Business Services
Buyer(s) Open Health
Sellers(s) NaviMed Capital
Deal Type Add-on Acquisition
Advisor(s) Harris Williams (Financial)

Target

CM Group

Hingham, Massachusetts, United States
CM Group is a provider of information and knowledge services to the biopharmaceutical community. The Group provides service offerings for the biopharmaceutical industry in four key areas, including Strategic Meeting Services, Congress Management, Patient Experience, and Speaker Bureau Management. CM Group is based in Hingham, Massachusetts.

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Buyer(S) 1

Buyer

Open Health

London, United Kingdom
Category Company
Founded 2011
Sector Communications
Employees1,000
DESCRIPTION

Open Health is an operator of multi-disciplinary health communications and market access group, operating within four core business areas: medical communications; patient and brand communications; value, informatics, and evidence; and consulting and commercialization. Open Health was founded in 2011 and is based in London, United Kingdom.

DEAL STATS #
Overall 7 of 7
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 5
State: Massachusetts M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-23 ARK

London, United Kingdom

ARK is an operator of a digital-first creative agency in healthcare. ARK takes the traditional creative approach to advertising, medical communications, and PR and adds data to help sharpen its effectiveness. From brand strategy through to implementation, ARK builds omnichannel campaigns. ARK is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

NaviMed Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Focused
DESCRIPTION

NaviMed Capital is a private equity firm focused exclusively on investments in the healthcare sector. NaviMed seeks North American headquartered businesses with strong organic and inorganic opportunities for growth. The Firm will consider both control and minority positions looks to commit $5 to $30 million of equity capital per transaction. NaviMed Capital was established in 2011 and is based in Rosslyn, Virginia.

DEAL STATS #
Overall 2 of 3
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 ClariMed

Chadds Ford, Pennsylvania, United States

ClariMed is a human-centered development and regulatory practice for medical products developed by Pharmaceutical and Medical device manufacturers. ClariMed is based in Chadds Ford, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-23 Citrus Health

Chicago, Illinois, United States

Citrus Health provides market access and scientific and medical affairs communication services to biopharmaceutical customers. Citrus Health is based in Chicago, Illinois.

Buy -
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