Receive our newsletter – data, insights and analysis delivered to you
  1. News
September 24, 2021

Elligo Health acquires clinical services firm ClinEdge for $135m

The acquisition, which also includes GuideStar Research and BTC of New Bedford, was financed through investor funding.

Elligo Health Research has acquired research practice management and clinical services firm ClinEdge in a $135m transaction.

The deal was financed via new co-lead investors Morgan Stanley Expansion Capital and Ally Bridge. Norwest Venture Partners and current investors also joined the funding round.

ClinEdge caters to clinical research sites, pharmaceutical companies and clinical research organisations. It offers site conduct and patient access solutions with trial expediting strategies.

The acquisition, which also comprises GuideStar Research and BTC of New Bedford, is expected to result in a large end-to-end healthcare-enabling research firm.

Elligo Health added that the deal will boost its global scale through the merger of data, technology and services expertise to further its aim to deliver clinical research as a care option worldwide and grow capacity to expedite patient-centric trials.

Elligo Health Research CEO John Potthoff said: “Building on our access to over 150 million diverse patients with EHR data, ClinEdge provides additional global scale for our customers in the US and Europe to enable the rapid acceleration of clinical trials through healthcare supporting all trial designs – traditional, hybrid, and direct-to-patient.

Content from our partners
Africa’s last mile: Building viable vaccine supply chains
Why this global life sciences COO believes relocation to Charleston, SC, was key to achieving next-level success
Patient-centric pharma logistics: How CRYOPDP delivers hope worldwide

“Add their full range of research practice management and clinical services, and our unified company is set to continue revolutionising the way clinical trials are conducted from pre-identification of patients through healthcare to study enrolment, conduct, and data delivery.”

ClinEdge customers will continue to have access to their existing services, as well as obtain access to research technology, data analytics and accelerated trials platform of Elligo Health.

Furthermore, the combination is anticipated to leverage technology to address trial conduct drawbacks and challenges that mainly affect patient experience.

The partnership will also support sites to fast-track research and enhance access to research.

In June 2021, Elligo Health acquired artificial intelligence (AI) virtual assistant for clinical research firm Root Health to create a technology-driven, healthcare-enabling research organisation.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Key drug pipeline and competitive landscape changes based on the latest clinical activity, sent every Tuesday. Curated analysis and data-driven insights on clinical trials strategy and operations, sent every Thursday. The pharmaceutical industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU