M&A Deal Summary

Signant Health Acquires VirTrial

On November 30, 2020, Signant Health acquired software company VirTrial from Kinderhook Industries

Acquisition Highlights
  • This is Signant Health’s 1st transaction in the Software sector.
  • This is Signant Health’s 2nd transaction in the United States.
  • This is Signant Health’s 1st transaction in Arizona.

M&A Deal Summary
Date 2020-11-30
Target VirTrial
Sector Software
Buyer(s) Signant Health
Sellers(s) Kinderhook Industries
Deal Type Add-on Acquisition

Target

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.

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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 3 of 4
Sector (Software) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Arizona) 1 of 1
Country (United States) 2 of 3
Year (2020) 1 of 1
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
2023-07-17 DSG

Malvern, Pennsylvania, United States

DSG is a provider of electronic data capture (EDC) and direct data capture (DDC) technology within a unified eClinical suite, for site-based and decentralized clinical trials. DSG is based in Malvern, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Kinderhook Industries

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kinderhook Industries targets control investments in companies valued between $25 to $250 million. Prospective transaction situations include acquiring non-core divisions of public companies, existing small capitalization companies lacking institutional support, management buyouts of entrepreneurial-owned businesses, and troubled companies. Sectors of interest include consumer products and services, media, packaging, industrial products, communications, and business services. Kinderhook Industries was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 29 of 42
Sector (Software) 3 of 4
Type (Add-on Acquisition) 24 of 34
State (Arizona) 1 of 1
Country (United States) 28 of 41
Year (2020) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-08 CareerArc

Burbank, California, United States

CareerArc serves as the next generation of social recruiting solutions for job seekers, college students, employers and higher education institutions. With a fundamental shift in the way people find and consume content, businesses have an enormous opportunity to stay more connected with job seekers and generate powerful word of mouth about their brand. CareerArc provides powerful applications to make this possible as well as online job, internship and content solutions to aid job seekers and career professionals to strengthen their skills.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 VESTA Modular

Southfield, Michigan, United States

VESTA Modular is a provider of temporary and permanent modular space solutions across a diverse base of end markets and applications. VESTA Modular operates two divisions modular space leasing whereby it leases units from its owned fleet of over 6,000 units to customers across a range of end markets and modular project installation whereby it facilitates the design, construction, and installation of modular spaces.VESTA Modular was founded in 2014 and is based in Southfield, Michigan.

Buy -
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