LONDON and HINGHAM, MA. and WASHINGTON, August 1, 2022 /PRNewswire/ — OPEN Health, a global provider of scientific communications and market access services, announced that it has signed a binding agreement to acquire The CM Group, a leading in-house medical communications platform in the US, 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 pharmaceutical and biotech industries.
Daniel Leonard, CEO of The CM Group, said: “We are excited to join OPEN Health and continue our journey as a strategic partner to pharmaceutical and biotech customers. With new colleagues and opportunities to leverage, we now have the ingredients to offer an even better suite of integrated solutions for our clients.” He further commented, “I would like to thank NaviMed Capital for their partnership in helping The CM Group to develop and fulfill its vision of strengthening its core competencies while expanding into new services and technologies.”
Dr. of NaviMed. Bijan Salehizadehco-founder and managing director, and Ryan Rossdirector, commented, “Our journey with The CM Group began with a strong foundation that enabled acquisitions and expansions that further solidified its market position in science communications in the US. We believe OPEN Health is an ideal partner to lead the company’s next phase of growth as a global scientific leader, and we are excited about the company’s bright future.”
“CM Group provides us with a significant science communication offering within the US domestic market. Our customers are global and need providers who understand not only the increasing complexity of science, but also the ever-changing global and local landscapes,” said OPEN Health Executive Director, Rob Barker.
Terms of the deal were not disclosed. The deal is subject to customary regulatory approvals.
About OPEN Health
OPEN Health brings together deep scientific knowledge, global understanding and broad specialist expertise to support our clients in improving health outcomes and patient well-being. We are united as one agile organization, harnessing the power of the collective to solve complex challenges. For more information about OPEN Health, please visit www.openhealthgroup.com.
About CM Group
Science-based—and powered by the voice of the patient—CM Group is an integrated healthcare agency of innovative and imaginative subject matter experts dedicated to delivering scientific and commercialization strategies and services to the life sciences industry. For more information about The CM Group, please visit www.thecmgroup.com.
About NaviMed Capital
NaviMed is a Washingtonprivate equity firm with over 400 million dollars assets under management focused exclusively on the healthcare industry. NaviMed invests in fast-growing, lower-middle-market healthcare businesses that NaviMed believes are poised to take advantage of the reform and technological innovation changing the healthcare industry. The company focuses on healthcare services, healthcare IT, hospital products and pharmaceutical services business.
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