Add-on Acquisition • Information Technology

Precision for Medicine Acquires Algorics

On May 29, 2024, Precision for Medicine acquired information technology company Algorics

Acquisition Context

This is Precision for Medicine’s 1st transaction in the Information Technology sector.
This is Precision for Medicine’s 8th transaction in the United States.
This is Precision for Medicine’s 1st transaction in Massachusetts.

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M&A Deal Summary
Date	May 29, 2024
Target	Algorics
Sector	Information Technology
Buyer(s)	Precision for Medicine
Deal Type	Add-on Acquisition

Target Company

Algorics

Framingham, Massachusetts, United States

Algorics is a specialized data sciences partner to the life sciences industry focusing on data management, biostatistics, statistical programming, and data standardization. The company supports a global portfolio of biopharmaceutical and CRO clients with cost-effective and high-quality data services underpinned by technology know-how and access to talent across US, Europe, and Asia. Algorics is based in Framingham, Massachusetts.

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