InVentiv Health announced May 6 it will be acquired by private equity firm Thomas H. Lee Partners for about $1.1 billion.
Analysts are saying that the acquisition reflects how the passage of healthcare legislation could eventually drive drug sales, pharmaceutical services, and compliance issues -- all areas where InVentiv, which owns Chandler Chicco Companies and Chamberlain Healthcare PR, has expertise. DailyFinance reports:
The market for outsourced health care services is roughly $35 billion per year. And for the most part, inVentiv provides an integrated solution. This certainly is attractive to clients and also provides for lucrative cross-selling opportunities.