Date: 2015-02-02
Type of information: Company acquisition
Acquired company: MediMedia Pharma Solutions (USA - PA)
Acquiring company: Icon (Ireland)
Amount: $120 million
Terms: * On February 2nd, 2015, Icon, a global provider of outsourced development services to the pharmaceutical, biotechnology and medical device industries, announced it has agreed, subject to certain customary closing conditions, to acquire MediMedia Pharma Solutions for a cash consideration of $120 million. MediMedia Pharma Solutions is division of MediMedia USA and is owned by Vestar Capital Partners.
Details: The acquisition strengthens Icon’s expertise in scientific communications and market access and, together with Icon’s existing Commercialisation and Outcomes practices, creates the industry’s leading integrated scientific communications and market access solution. Headquartered in Yardley, Pennsylvania, MediMedia Pharma Solutions includes MediMedia Managed Markets and Complete Healthcare Communications. MediMedia Managed Markets is a leading provider of strategic payer-validated market access solutions. Complete Healthcare Communications is one of the leading medical and scientific communication agencies working with medical affairs, commercial and brand development teams within life science companies. MediMedia Pharma Solutions has supported hundreds of development launches and in-market products, spanning over 40 therapeutic classes.
Related: CRO Technology - Services
