SOMERSET, N.J., Feb. 14, 2011 (GLOBE NEWSWIRE) -- inVentiv Health, Inc., a leading provider of outsourced clinical development, launch and commercialization services to the global healthcare industry, today announced that it has completed the acquisition of Campbell Alliance, a leading provider of specialized management consulting, market research and educational services to the pharmaceutical and biotech industry. Campbell Alliance founders John and Ann Campbell and members of their management team will continue to lead Campbell Alliance and maintain a significant equity-based participation in the company. Campbell Alliance will continue to operate independently.
"Our objective is to be the very best specialized firm in life sciences, and we have consistently delivered client satisfaction and retention statistics among the highest recorded," commented John Campbell, founder and CEO of Campbell Alliance. "This transaction was structured to meet the unique needs of our company and to ensure that we can continue to do all of the things that have made us successful."
Paul Meister, CEO of inVentiv Health, commented, "Campbell Alliance is a very special company and required a thoughtful approach. We look forward to partnering with the Campbell Alliance leadership team and working closely with its talented employees to grow the company's global footprint while staying committed to the core values that have driven its tremendous success."
Campbell Alliance's headquarters will remain in Raleigh, NC. inVentiv's existing management consulting and market research business, inVentiv Advance Insights, will become part of the Campbell Alliance organization. William Blair & Company, L.L.C. acted as exclusive financial advisor to Campbell Alliance.
About inVentiv Health
inVentiv Health, Inc. is a leading, global provider of results-driven clinical, consulting and commercial services to the biopharmaceutical and healthcare industries. inVentiv's client roster consists of more than 350 leading pharmaceutical, biotech, and life sciences companies. inVentiv Health, Inc. is privately owned by inVentiv Group Holdings, Inc., an entity sponsored by affiliates of Thomas H. Lee Partners, L.P., Liberty Lane Partners, and members of the inVentiv management team. For more information, visit www.inventivhealth.com.
The inVentiv Health, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4942
About Campbell Alliance
Campbell Alliance is the leading management consulting firm specializing in the pharmaceutical and biotechnology industry. The firm's clients include most of the world's top-20 pharmaceutical companies, as well as numerous emerging and midsize firms. Campbell Alliance is organized into practice areas, each specializing in a critical industry function: Brand Management, Business Development, Clinical Development, Managed Markets, Medical Affairs, Sales, and Trade and Distribution. From its locations in Raleigh, NC, Parsippany, NJ, Los Angeles, San Francisco, Chicago, Boston, Philadelphia, New York City, Atlanta, and Zug, Switzerland, the firm serves clients throughout North America, Europe, and Japan. For more information, visit www.campbellalliance.com.