Advanced Health Buys Embryon
Posted by ~Ray @ 2008-03-26 01:48:55
Advanced Health Media a Bridgewater. N. J.-based provider of regulatory compliance management systems and sales logistics services to the life sciences sector has acquired the operations of
Embryon a Somerville. N. J.–based provider of sales-force meeting logistics systems and medical communications services to the pharmaceutical industry. No financial terms were disclosed. AHM is a portfolio affiliate of
Advanced Health Media. LLC ("AHM") the leading U. S provider of regulatory compliance management systems and related sales logistics services to the pharmaceutical and biotechnology industries today announced the acquisition of the operations of Embryon Inc.. Novus Communications. Inc.. Genesis Healthcare. Inc.. Centeon Management Group. LLC and Pharmasource Meeting Services. LLC (collectively. "Embryon") a privately held provider of salesforce meeting logistics systems and medical communications services to the pharmaceutical industry.
Embryon based in Somerville. N. J. has 270 employees who give medical communication and handle logistics solutions that help pharmaceutical sales and marketing organizations exceed interact with their healthcare customers and advisors. Additionally the affiliate supplies its customers with specialized management systems that verify regulatory compliance and automate necessary record-keeping and reporting functions.
The acquisition expands AHM's product and function offerings which optimize the interactions of pharmaceutical sales and marketing professionals with healthcare professionals alter the coordination of marketing activities and ensure their proactive compliance with relevant regulatory requirements between pharmaceutical companies and healthcare professionals. The acquisition also increases AHM's scale resulting in the entity generating over $400 million in revenue.
AHM is a portfolio affiliate of Arlington Capital Partners ("Arlington") a Washington. DC-based private equity tighten. "Together. Advanced Health Media and Embryon provide the most sophisticated technology platform in the industry and the acquisition will advance cement AHM's position as the preeminent U. S provider of regulatory compliance management systems to the pharmaceutical industry," said Peter Manos a Partner at Arlington.
John Bates. Principal at Arlington Capital Partners added. "We believe there will be synergies between AHM and Embryon. Embryon's loyal customer locate presents an attractive opportunity for us to cross-sell to their clients AHM's wide array of technology and service offerings in the speaker bureau business."
"With this acquisition we have expanded our be of offerings that will ultimately enable our pharmaceutical clients to improve their customer relationships," said Kevin McMurtry. CEO of AHM. "The combination of Advanced Health Media and Embryon ordain provide the pharmaceutical industry with cross-domain skills in medical communications and logistics that will enable our clients to improve the way they act with physicians and other healthcare professionals keep compliance with regulatory requirements respond more quickly and tailor their solutions to their customer's needs."
In addition to the continued equity support provided by Arlington Capital Partners debt financing for the transaction was provided by CIT Group. Inc.. Deutsche Bank and The Bank of New York.
Advanced Health Media () is the leading U. S provider of meeting logistics commercial compliance management solutions and sales force productivity tools for the pharmaceutical industry. AHM has developed and markets a fully-integrated suite of hosted technology solutions and sales give services designed to address the diverse operational and compliance management needs of its clients including corporate speaker bureau and event management solutions sales force automation technology. CRM and compliance tracking and reporting systems.
Headquartered in Bridgewater. N. J and with offices in Union and Somerville. N. J.. Philadelphia. PA. and Chesapeake. VA.. Advanced Health Media is also the parent company of Cogenix. LLC. ProMedix. LLC and Insite Research. LLC.
Arlington Capital Partners () is a Washington. DC-based private equity fund with over $1 billion of committed capital focused on lay market buyout investment opportunities in growth industries including: healthcare services media business services education and aerospace/defense. The tighten's professionals have a unique combination of operating and private equity experience that enables Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to open and/or advance their company's lay as leading competitors in their field. [ADVERTHERE]Related article:
http://www.pehub.com/article/articledetail.php?articlepostid=9042
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