inVentiv Health, Parent to Chandler Chicco Cos. and Chamberlain Healthare PR, Acquired for $1.1 Billion

inVentiv Health, Inc. (NASDAQ: VTIV), which provides “end-to-end clinical development, launch and commercialization services to the global pharmaceutical and healthcare industries,” announced late yesterday that it will be acquired by private equity firm Thomas H. Lee Partners, L.P. (THL) for approximately $1.1 billion.

The company counts PR agencies Chandler Chicco Cos. and Chamberlain Healthare PR among its holdings. inVentiv Communications — the division of the company that houses these firms — reported total revenues of $88.1 million for Q1 2010, an increase of 24% from $70.9 million during Q1 2009.

inVentiv shareholders will receive $26.00 in cash for each share of VTIV common stock, a 52% premium over the $17.15 closing stock price on March 25, 2010. Goldman Sachs and Richards, Layton & Finger, P.A. advised on the deal.



Publish date: May 7, 2010 https://dev.adweek.com/digital/inventiv-health-parent-to-chandler-chicco-cos-and-chamberlain-healthare-pr-acquired-for-1-1-billion/ © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT
{"taxonomy":"","sortby":"","label":"","shouldShow":""}