M&A Deal Summary

PRA Health Sciences Acquires CRI Lifetree

On November 13, 2013, PRA Health Sciences acquired healthcare services company CRI Lifetree from Ampersand Capital Partners

Acquisition Highlights
  • This is PRA Health Sciences’ 2nd transaction in the Healthcare Services sector.
  • This is PRA Health Sciences’ 3rd transaction in the United States.
  • This is PRA Health Sciences’ 1st transaction in New Jersey.

M&A Deal Summary

Date 2013-11-13
Target CRI Lifetree
Sector Healthcare Services
Buyer(s) PRA Health Sciences
Sellers(s) Ampersand Capital Partners
Deal Type Add-on Acquisition

Target

CRI Lifetree

Mount Laurel, New Jersey, United States
CRI Lifetree has grown to include several clinical research facilities in Southeastern Pennsylvania and Southern New Jersey, including venues for both inpatient and outpatient studies. The company has extensive experience in conducting clinical trials related to central nervous system (CNS) disorders – one of the most rapidly growing segments of pharmaceutical research.

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Buyer(S) 1

Buyer

PRA Health Sciences

Raleigh, North Carolina, United States

Category Company
Founded 1976
Sector Life Science
Employees17,500
Revenue 3.1B USD (2019)
DESCRIPTION
PRA Health Sciences' corporate headquarters in Raleigh, North Carolina.
PRA Health Sciences' corporate headquarters in Raleigh, North Carolina.

PRA Health Sciences, Inc. is an international clinical research organization. PRA provides services on a contract basis to the pharmaceutical and biotechnology industries. Comprehensive services include the filing of Investigational New Drug (IND) and similar regulatory applications, management and implementation of Phase I through IV clinical trials, preparation and submission of New Drug Applications (NDAs), and post-marketing surveillance on an international basis. PRA was formed in 1976 and is based in Raleigh, North Carolina.


DEAL STATS #
Overall 6 of 8
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 6 of 8
State (New Jersey) 1 of 1
Country (United States) 3 of 5
Year (2013) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-31 ReSearch Pharmaceutical Services

Fort Washington, Pennsylvania, United States

ReSearch Pharmaceutical Services, Inc. is a provider of integrated global clinical development solutions to the bio-pharmaceutical industry based on its comprehensive therapeutic expertise, robust clinical operations infrastructure, and highly trained and experienced employee base.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-07 Symphony Health Solutions

Phoenix, Arizona, United States

Symphony Health Solutions Corp. is a provider of data, applications, analytics and consulting to help life sciences companies gain deeper insights into the pharmaceutical market. Symphony Health Solutions Corp. was established in 2012 and is based in Phoenix, Arizona.

Buy -

Seller(S) 1

SELLER

Ampersand Capital Partners

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1988
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Ampersand Capital Partners is a middle-market private equity group that concentrates on growth equity investment opportunities in the healthcare sector. The Firm looks to invest $10 to $100 million in businesses with $10 to $100 million of revenue. Specific areas of interests within healthcare include lab products, specialty diagnostic equipment, pharmaceutical outsourcing, and specialty pharma. Ampersand generally prefers to be the first and sole institutional investor. Ampersand was formed in 1988 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 20 of 55
Sector (Healthcare Services) 1 of 3
Type (Add-on Acquisition) 14 of 38
State (New Jersey) 3 of 5
Country (United States) 20 of 51
Year (2013) 2 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Elite One Source Nutrisciences

Chino, California, United States

Elite One Source Nutrisciences is a contract manufacturer for nutritional and dietary supplements. The business draws on world class facilities across two locations and a deep and experienced team of formulators, chemists, natural product specialists, and particle engineers.

Buy -