Open Health To Acquire Leading Us Medical Communications Platform The Cm Group From Navimed Capital

Aug 01, 2022•about 3 years ago

Acquiring Company

OPEN Health

Acquired Company

Skeena Resources

London

VancouverHealth CareSoftwareSports

Description

OPEN Health, a global provider of scientific communications and market access services, announced that it signed a binding agreement to acquire The CM Group, a leading US domestic medical communications platform from NaviMed Capital ("NaviMed"). The partnership between OPEN Health and The CM Group expands the platform's global reach and portfolio of best-in-class scientific solutions for the pharma and biotech industry.

Company Information

Company

OPEN Health

Location

London, England, United Kingdom

About

OPEN Health unites world-class scientific, strategic, and creative expertise to solve complex challenges for global biopharma. We are a flexible, global organization, creating high-performing strategic partnerships with our clients. We embrace our different perspectives and strengths to deliver innovative solutions that have a positive impact on commercial and patient outcomes. OPEN Health unlocks possibilities across consulting, HEOR and market access, scientific communications, and patient engagement.

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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