M&A Deal Summary

PRA Health Sciences Acquires CroMedica International

On June 17, 2002, PRA Health Sciences acquired healthcare services company CroMedica International

Acquisition Highlights
  • This is PRA Health Sciences’ 1st transaction in the Healthcare Services sector.
  • This is PRA Health Sciences’ 1st transaction in Canada.
  • This is PRA Health Sciences’ 1st transaction in British Columbia.

M&A Deal Summary

Date 2002-06-17
Target CroMedica International
Sector Healthcare Services
Buyer(s) PRA Health Sciences
Deal Type Add-on Acquisition
Advisor(s) Edgemont Capital Partners LP (Financial)

Target

CroMedica International

Victoria, British Columbia, Canada
CroMedica International, Inc, a worldwide clinical research organization (CRO) headquartered in Canada.

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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 1 of 8
Sector (Healthcare Services) 1 of 2
Type (Add-on Acquisition) 1 of 8
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2002) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-19 Pharma Bio-Research BV

Zuidlaren, Netherlands

PBR is a market leader in the management of complex Phase I and Phase IIa clinical trials of new drugs on behalf of the world's top pharmaceutical and biotechnology firms.

Buy €85M