Clinical Supplies Management Acquires Another European Company

Clinical Supplies Management pic

Clinical Supplies Management
Image: csmondemand.com

Based in Greenwich, Connecticut, private equity firm Great Point Partners invests in health care companies. One of Great Point Partners’ portfolio firms, Clinical Supplies Management (CSM), acquired B&C Group (B&C), headquartered in Brussels, Belgium, in January 2017.

CSM handles the clinical supply chain of hundreds of pharmaceutical and biotechnology firms around the world, helping clinical trials to be on budget and on time. Its full array of services to comply with Current Good Manufacturing Practice regulations include packaging and labeling, storage, global distribution, and clinical supplies consulting. The acquisition will enable CSM to leverage B&C’s expertise in clinical trial supplies provisioning and biomedical services across the CSM global network.

CSM now has two full-service facilities in Europe, including its December 2016 acquisition of Frankfurt, Germany-based, Theorem Clinical Supply. These complementary acquisitions expand the firm’s biomedical sample services and disaster recovery backup capabilities in Europe. A European expansion is one of Great Point Partner’s central strategies for CSM, which also will assist in better serving CSM pharmaceutical clients performing joint clinical trails in the United States and Europe.

Professional Physical Therapy Completes Two Tuck-In Acquisitions

Professional Orthopedic and Sports Physical Therapy pic

Professional Orthopedic and Sports Physical Therapy
Image: professionalpt.com

Based in Connecticut, Great Point Partners (GPP) has an investment approach that makes equity capital-funded acquisitions of health care organizations across North America and Western Europe. In July, 2016, Great Point Partners announced a pair of acquisitions through Professional Physical Therapy (ProPT), a GPP portfolio company.

With the acquisition of PRO Physical Therapy and Achieve Sports Medicine & Rehab, the Connecticut firm now has a trio of new New Jersey clinics spanning Wyckoff, Randolph, and Waldwick. These bring the number of 2016 ProPT tuck-in acquisitions up to seven, with the company’s resources extending to nearly 90 outpatient locations across the Northeast. This consolidates the firm’s status as one of the leading physical therapy providers region-wide.

A ProPT executive described the acquisition as making strategic sense in enabling robust partnerships among knowledgeable, well-established local practitioners. With this expanded roster of physical, hand, and occupational therapists in place, patients will receive enhanced care tailored to their specific rehabilitative goals.