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PharmAlliance Announces Acquisition of CHEORS to strengthen global reach and expand capabilities

Apr 16, 2024•over 1 year ago

Acquiring Company

PharmAlliance

Acquired Company

CHEORS

MorrisvilleMontgomeryConsultingBiotechnologyHealth CareBiotechnologyHealth Care

Description

PharmAlliance, a diversified pharmaceutical and life sciences services platform, has announced the acquisition of Complete Health Economics Outcomes Research Solutions (CHEORS). With this strategic addition, PharmAlliance strengthens its global reach and expands its launch and commercialization capabilities, reinforcing its commitment to providing end-to-end solutions across the drug and device development lifecycle.

Company Information

Company

PharmAlliance

Location

Morrisville, North Carolina, United States

About

PharmAlliance is a diversified pharmaceutical and life sciences services platform designed to serve a variety of discovery, development, and commercialization needs across the drug and device development lifecycle through diverse and disruptive end-to-end solutions. It has completed three strategic acquisitions consisting of BioBridges, a provider of clinical development services, Monitorforhire, a web-enabled resource management company, and CHEORS, a leading provider of health economics and outcomes research (HEOR) and market access services.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed