Results Healthcare Advises Medaxial on Acquisition by Covance

Results Healthcare, part of the Results International Group, today announced that it has advised Medaxial, a value communications and market access business, on its acquisition by Covance, one of the world's largest and most comprehensive drug development services companies.

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| Source: Results Healthcare

LONDON, UK, May 20, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Results Healthcare, part of the Results International Group, today announced that it has advised Medaxial, a value communications and market access business, on its acquisition by Covance, one of the world's largest and most comprehensive drug development services companies.

Results Healthcare has worked with Medaxial for over three years to help formulate and evaluate the Company's strategic options, help prepare the business for sale, identify potential partners and to conduct a competitive sale process.

Medaxial is a specialist value communications business with more than 17 years' experience serving the global healthcare industry. Since its inception in 1996 the Company has developed into one of the largest and most respected independent companies in its field, providing a focused portfolio of market access services to clients in the pharmaceutical and medical devices sectors.

Medaxial delivers a range of market access, pricing, evidence and value message solutions across multiple therapy areas and geographies, and is highly regarded for its scientific excellence, technical know-how and exceptional communication skills, including an industry-leading programming and design team.

Based in London, with an office in New York, Medaxial's clients include virtually all the world's top pharmaceutical companies. The Company has experience in over 50 therapy areas, across all major global markets and works on 7 of the world's top 10 selling pharmaceutical products. Medaxial was awarded the Queen's Award for Enterprise in 2012.

Medaxial's acquisition by Covance is Results Healthcare's latest transaction in the healthcare communications sector, which have included the acquisition of Hive by St Ives PLC for up to £50 million, the acquisition of Total Healthcare Group by UBC and the acquisition of Abacus by Decision Resources.

"Medaxial has a well-earned reputation as a leader in the market access and healthcare communications sector," commented Anthony Harrington, part of the deal team at Results Healthcare. "The Company has an unrivalled heritage in the sector, and its innovative, comprehensive service offering continues to gain traction with pharma clients today. Results Healthcare have worked with Medaxial for over three years and we are delighted to have helped the founders and management team secure the future of the Company."

Medaxial's founders, John Fanshawe & Paul McLoughlin commented: "We have worked with Results for over three years and they have advised us every step of the way. They really know the healthcare sector and they took the time to get to know us and our business.

"We have received consistently excellent advice along every stage of our journey. Results were hands-on in helping us prepare our business for sale. They have unparalleled access to the buyer universe and understand how best to position our business and communicate with potential buyers. Finally, they are strong negotiators and were instrumental in securing the best outcome for our company.

"We have been very impressed with the expertise and enthusiasm of the entire team. They have been great to work with and we would strongly recommend them."

To arrange an interview with Anthony Harrington, please contact Richard Kerns, NEPR, richard(at)nepr(dot)eu.

About Results Healthcare

Part of the Results International Group, established in 1991, Results Healthcare is a dedicated team of sector focused corporate finance and business strategy advisers. Based in London and New York, with access to Results International's global network of offices, Results Healthcare provides a full spectrum of corporate finance services, including sell side and buy side transactions, public to private transactions, venture capital and private equity fund raising, MBOs, R&D site evaluations and divestments, company and product valuations, and licensing transactions.
Results Healthcare's high caliber, global team has been carefully assembled to offer clients a blend of expert sector intelligence, deep industry relationships and strong technical and commercial experience. Results Healthcare has a proven track record of transactional success and deal completion, having completed over 75 healthcare transactions to date.
For more information visit http://www.resultshealthcare.com

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NEPR
Richard Kerns

+44 7974579202