Navigation Links
Water Street Invests in Global Pharmaceutical Services Company
Date:4/8/2013

CHICAGO, April 8, 2013 /PRNewswire/ -- Water Street Healthcare Partners, a strategic private equity firm focused exclusively on the health care industry, announced today that it has invested in CCBR-SYNARC.  Comprised of two businesses that specialize in outsourced clinical services, CCBR-SYNARC expands Water Street's global presence in the pharmaceutical services sector.  It also marks the health care firm's first investment from its new fund, Water Street Healthcare Partners III, L.P., which it closed last year after receiving $750 million of investor commitments in less than eight weeks.

CCBR-SYNARC is a highly specialized provider of clinical services to the world's largest pharmaceutical and biotechnology companies.  The company's SYNARC business, based in Newark, Calif., specializes in imaging services, consultation and analysis to track progress throughout a clinical trial's life cycle.  Its CCBR business, headquartered in Copenhagen, Denmark, recruits patients from all over the world, and conducts and manages clinical trials in its dedicated clinical centers. Together, the businesses employ more than 500 doctors, nurses and technicians who are located in 29 research centers across Asia, Europe and The Americas.  They currently focus their expertise in the musculoskeletal, cardiovascular and neurological therapies.

"Water Street's team has consistently demonstrated to us a deep understanding of our businesses since it first approached us about potential ways to work together several years ago," said Dr. Claus Christiansen, founder and chairman, CCBR-SYNARC. "When we reached a point in our development in which we were ready to expand our capabilities and services, we knew Water Street was our ideal partner.  Its experience in the pharmaceutical sector, business development expertise and extensive industry relationships will provide our businesses with the intellectual capital and resources to achieve long-term growth and success.

The outsourced clinical development market is projected to grow as much as 5 to 10 percent per year over the next five years.  With new regulations and global protocols leading to more complex drug development processes, pharmaceutical companies are increasingly turning to specialized providers such as CCBR-SYNARC to support them with particular aspects of their clinical trials. CCBR's ability to recruit large patient populations from diverse markets and SYNARC's high quality imaging capabilities have fueled the company's growth since its founding in 1998.

"Recruiting patients to participate in clinical trials can be a significant pain point for pharmaceutical companies and can cause costly delays in their drug development processes," said Al Heller, an operating partner with Water Street who has more than 30 years of pharmaceutical experience.  "CCBR-SYNARC stands out for its proven ability to both quickly recruit patients from targeted geographies and efficiently analyze images to support customers while increasing their clinical trial success rates."

CCBR-SYNARC expands Water Street's group of companies specializing in health care products and services to 12.  The firm is also an investor in AAIPharma Services Corp., a provider of pharmaceutical product development services.  It sold its oral health pharmaceutical company, OraPharma, to Valeant Pharmaceuticals International, Inc. last year.  Since its founding in 2005, Water Street has completed 39 transactions to create and grow a diverse group of market-leading health care companies.

"We are pleased to build Water Street's presence in the pharmaceutical sector with our investment in CCBR-SYNARC.  The company is highly regarded as a partner that delivers results through its unique combination of scientific acumen, local market knowledge and proprietary technology," said Peter Strothman, partner, Water Street.  "We look forward to working closely with Dr. Christiansen to strategically expand both businesses' unique capabilities."

Water Street has activated its newest fund, Fund III, with its investment in CCBR-SYNARC.  The firm is seeking new opportunities to partner with corporations interested in divesting non-core health care businesses, and middle-market companies wanting to accelerate growth.  Water Street targets investments ranging from $50 to $500 million in four health care sectors: distribution, medical products, health care services, and pharmaceutical products and services.

About Water Street

Water Street is a strategic private equity firm focused exclusively on health care. The firm has a strong record of building market-leading companies across key growth sectors in health care. It has worked with some of the world's leading health care companies on its investments including Gentiva, Johnson & Johnson, Medtronic and Orthofix. Water Street's team is comprised of industry executives and private equity professionals with decades of experience investing in and operating global health care businesses. The firm is headquartered in Chicago. For more information about Water Street, visit waterstreet.com.


'/>"/>
SOURCE Water Street Healthcare Partners
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Nutrilys Del Mar Joins Health Forces With LAPD Underwater Dive Unit
2. BIOCRATES Life Sciences to Launch Waters Xevo® TQ MS Editions for Two of its Well-established Research Kit Products, AbsoluteIDQ® p180 and p150
3. Waters Breaks Ground on New Mass Spectrometry HQ in Wilmslow, UK
4. Water Isotope Analyzer Accurately Measures Contaminated Samples
5. PackH2O Water Backpack to be Showcased at 2nd Annual World Business Council for Sustainable Development US Midwest Meeting
6. Fera and Waters Open International Food Safety Training Laboratory
7. US Peptides Increases Inventory on Sterile Bacteriostatic Water
8. Buoyed by Forecasts, Where 2013 Leads - Research Report on ResMed Inc., Zimmer Holdings, Inc., Waters Corporation, Covidien PLC, and Medtronic, Inc.
9. Waters and DANI Instruments Announce Integrated and Compatible Network
10. Watertree Health Rolls Out National Prescription Discount Card Program
11. Cantel Medicals Mar Cor Purification Subsidiary Acquires Hemodialysis Water Business from Siemens Water Technologies Business Unit
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/19/2017)... - CRH Medical Corporation (TSX: CRH) (NYSE MKT: CRHM) (the "Company"), announces that ... Conference 2017 at the Sheraton Hotel in Toronto, Ontario ... of the Company is scheduled to present on Tuesday, May 2 ... the Chairman of the Board, Tony Holler will also ... For more ...
(Date:4/19/2017)... NEW YORK , April 19, 2017 /PRNewswire/ ... This report on the prostate cancer ... of the global market. Increasing prevalence of prostate ... as innovation in the development of new drugs ... hormone-refractory prostate cancer drug due to lesser side ...
(Date:4/19/2017)... April 19, 2017  New research provides evidence that an ... according to a study released today that will be presented ... in Boston , April 22 to ... treatment of Parkinson,s disease, the oral drug levodopa has long ... longevity. But as the disease progresses, the effects of the ...
Breaking Medicine Technology:
(Date:4/25/2017)... Hollywood, Fl (PRWEB) , ... April 25, 2017 , ... ... than Memorial Regional Hospital, according to a special report in the May issue of ... Hospital its highest quality ranking for results achieved during and after coronary bypass ...
(Date:4/24/2017)... ... 24, 2017 , ... LG CNS Healthcare Solutions debuted the ... at Telehealth 2.0, the American Telemedicine Association’s national conference. , BYOD has been ... a pre-programmed tablet in a remarkably easy-to-use kit for patients. “BYOD is the ...
(Date:4/24/2017)... ... April 24, 2017 , ... As part of the nationwide Days of Remembrance ... of the Holocaust and Nazi persecution, Center for Medicine after the Holocaust (CMATH) ... CMATH Champions trip to Germany and Poland next week. , The Fourth Biennial CMATH ...
(Date:4/24/2017)... ... April 24, 2017 , ... The California Dental Association Foundation’s two-day volunteer ... to 1,961 people during the April 22-23 event at the San Mateo Event Center. ... experience barriers to care, CDA Cares educates the public and policymakers about the importance ...
(Date:4/24/2017)... ... April 24, 2017 , ... ALP Nutrition®, a ... announced its popular products are now available for purchase on StackedNutrition.com, a popular ... use of premium natural ingredients in making all of its products. These ingredients ...
Breaking Medicine News(10 mins):