Updated March 31 at 10:09pm

Sign up to receive Providence Business News' newsletters
and breaking news alerts.  

investing

Nautic Partners buys Omnicare Clinical Research

Posted:

PROVIDENCE – Private equity firm Nautic Partners acquired Omnicare Clinical Research on Thursday.

Omnicare CR, headquartered in King of Prussia, Pa., conducts early phase, phase II, III and late phase clinical trials for pharmaceutical, biotechnology and medical device industries. It also provides technical services supporting clinical trials, with a focus on data management and biostatistics services.

As part of the deal, its parent company, Ominicare Inc., has provided Omnicare CR with access to its proprietary database of de-identified information exclusive to the field of clinical research and lasting for five years.

“Omnicare has carved out an attractive niche in the [clinical research organization] industry as a global, full-service provider serving the mid-sized pharmaceutical market, the medical device market and the biotechnology market,” said Chris Crosby, managing director of Nautic. The firm did not disclose the financial details of the acquisition.

It is the 10th investment by Nautic Partners’ most recent fund, Nautic Partners VI, and its third health care investment.

Nautic Partners, investment, seed, funding, Omnicare Clinical Reserach, private equity, investment, firm, Providence, Rhode Island,

Comments

No comments on this story | Please log in to comment by clicking here
Please log in or register to add your comment
Latest News