M&A Deal Summary

Precision for Medicine Acquires Algorics

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2024-05-29
Target Algorics
Sector Information Technology
Buyer(s) Precision for Medicine
Deal Type Add-on Acquisition

Target

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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Buyer(S) 1

Buyer

Precision for Medicine

Bethesda, Maryland, United States
Category Company
Founded 2012
Sector Life Science
DESCRIPTION

Precision for Medicine is a specialized healthcare services company that provides product development and commercialization support for pharmaceutical and life sciences businesses.? Precision for Medicine was founded in 2012 and is based in Bethesda, Maryland.

DEAL STATS #
Overall 10 of 10
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 10 of 10
State (Massachusetts) 1 of 1
Country (United States) 8 of 8
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-27 Baseline Controls

Raleigh, North Carolina, United States

Baseline Controls is specialized expertise in project feasibility, execution planning, and baseline performance management. Baseline Controls was founded in 2010 and is based in Raleigh, North Carolina.

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