inVentiv Health To Acquire Kforce Clinical Research
inVentiv Health announced that it has signed a definitive agreement to acquire Kforce Clinical Research, Inc. (“KCR”), a provider of functional outsourcing solutions to pharmaceutical, biotech, and medical device companies, from Kforce Inc. for $50 million in cash.
KCR will be combined with inVentiv’s existing functional service provider (FSP) and staffing businesses within the Clinical segment. With more than 30 years of experience and a broad portfolio of partners worldwide, the combined organization will leverage inVentiv Health’s global reach, enabling the company to meet clients’ strategic resourcing needs in more than 40 countries around the world.
“With its strong clinical monitoring expertise, a customer-focused approach and an impressive portfolio of clients, Kforce Clinical Research is an attractive complement to inVentiv’s existing services. This acquisition expands our capability across the continuum of FSP, staffing and CRO services, further enhancing our ability to deliverflexible, cost-effective solutions for our clients,” said Paul Meister, CEO of inVentiv Health.
KCR’s range of clinical services include: site management and monitoring, clinical project and program management, clinical programming and data management, biostatistical analysis and reporting, pharmacovigilance, medical writing, regulatory affairs, and quality assurance and training. inVentiv anticipates adjusted annualized revenue of approximately $70 million, which reflects the previously disclosed contractloss by KCR and anticipated wins and contract expansion.
The transaction is expected to close at the end of March 2012.
inVentiv Health also announced today that the Federal Trade Commission has approved its acquisition of SDI Health promotional and medical audit businesses from IMS Health. inVentiv expects to close the transaction this week. The syndicated offerings of the acquired businesses will be combined with the market research capabilities of Campbell Alliance, an inVentiv Health company and management consulting firm specializing in the pharmaceutical and biotech industry.
Driving Diversity with the Integrated Research Model
October 16th 2024Ashley Moultrie, CCRP, senior director, DEI & community engagement, Javara discusses current trends and challenges with achieving greater diversity in clinical trials, how integrated research organizations are bringing care directly to patients, and more.
Empowering Sites and Patients: The Impact of Personalized Support in Clinical Trials
November 26th 2024To meet the growing demands of clinical research, sponsors must prioritize comprehensive support models, such as clinical site ambassadors and patient journey coordinators, who can address operational challenges and improve site relationships, patient satisfaction, and overall trial efficiency.
AI in Clinical Trials: A Long, But Promising Road Ahead
May 29th 2024Stephen Pyke, chief clinical data and digital officer, Parexel, discusses how AI can be used in clinical trials to streamline operational processes, the importance of collaboration and data sharing in advancing the use of technology, and more.
FDA Finalizes Decentralized Clinical Trial Guidance
November 25th 2024The FDA's guidance is part of a broader effort to modernize clinical trials, improve efficiency, reduce participant burden, and expand access, particularly for underrepresented populations and those in geographically or economically constrained areas.
