M&A Deal Summary

Signant Health Acquires Bracket

On July 17, 2018, Signant Health acquired life science company Bracket from Genstar Capital

Acquisition Highlights
  • This is Signant Health’s 1st transaction in the Life Science sector.
  • This is Signant Health’s 1st transaction in the United States.
  • This is Signant Health’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2018-07-17
Target Bracket
Sector Life Science
Buyer(s) Signant Health
Sellers(s) Genstar Capital
Deal Type Merger

Target

Bracket

Wayne, Pennsylvania, United States
Bracket is a clinical trial technology and specialty services provider dedicated to helping biopharmaceutical sponsors and contract research organizations increase the power of their clinical research data by leveraging core competencies in Science, Technology, and Service.

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Buyer(S) 1

Buyer

Signant Health

Blue Bell, Pennsylvania, United States
Category Company
Founded 2018
Sector Information Technology
DESCRIPTION

Signant Health is a global provider of patient-centric clinical trial technology solutions, servicing pharmaceutical and biotechnology companies. The company was formed through the combination of Bracket Global (“Bracket”) and CRF Health (“CRF”). Bracket provides eClinical solutions, focusing on tech-enabled data compliance and training solutions for clinical drug development. CRF provides tech-enabled solutions for the collection of clinical trial data directly from patients, caregivers, and clinicians. Signant Health was founded in 2018 and is based in Blue Bell, Pennsylvania.

DEAL STATS #
Overall 2 of 4
Sector (Life Science) 1 of 1
Type (Merger) 2 of 2
State (Pennsylvania) 1 of 2
Country (United States) 1 of 3
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-17 CRF Health

London, United Kingdom

CRF Health is a provider of patient-centered eSource technology solutions for the life sciences industry. With experience in more than 800 clinical trials, over 100 languages and across 74 countries, CRF Health’s TrialMax® platform consistently demonstrates the industry’s highest data accuracy, patient and site compliance, and patient retention. The integrated TrialMax platform includes eCOA solutions for collecting PROs (Patient Reported Outcomes), ObsROs (Observer Reported Outcomes), ClinROs (Clinician or Rater Reported Outcomes), and PerfOs (Performance Outcomes), and features TrialConsent®, an electronic solution for collecting and managing informed consent in clinical trials. CRF Health’s eSource solutions improve trial engagement by making the patient the center of the clinical trial process.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 VirTrial

Scottsdale, Arizona, United States

VirTrial is a provider of software solutions for remote site startup and decentralized clinical trial conduct. VirTrial was founded in 2018 and is based in Scottsdale, Arizona.

Buy -

Seller(S) 1

SELLER

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.

DEAL STATS #
Overall 41 of 60
Sector (Life Science) 5 of 6
Type (Merger) 4 of 6
State (Pennsylvania) 2 of 3
Country (United States) 37 of 54
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-17 Cetera

El Segundo, California, United States

Cetera is a network of independent firms empowering the delivery of professional financial advice to individuals, families and company retirement plans across the country through trusted financial advisors and financial institutions. Cetera was founded in 2010 and is based in El Segundo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 Accruent

Austin, Texas, United States

Accruent, Inc. is a provider of physical resource management software. Accruent provides market planning, site selection, project management, lease administration, facilities and space management software that is purpose-built for specific industries to deliver greater customer value. Accruent, Inc. was founded in 1995 and is based in Austin, Texas.

Sell $2.0B
Mergr

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