Flourish Research Secures Majority Investment to Enhance Growth
Flourish Research Secures Major Investment for Growth
Flourish Research, a notable player in the multi-site clinical trial arena, has made headlines recently with a significant majority investment from Genstar Capital. This strategic move is designed to fortify Flourish's position as a leader in the clinical trial space, enabling the organization to scale even further across various therapeutic areas and geographies.
Enhancing Clinical Trials Through Strategic Investment
With a robust operational foundation, Flourish Research is expertly positioned to elevate the conduct of clinical trials. The company, already known for its extensive network of 24 sites and over 150 experienced investigators, focuses on critical areas such as cardiovascular health, metabolism, neuroscience, and infectious diseases. This recent investment will amplify its capacity to deliver timely and efficient study results, which is essential in today’s fast-paced medical landscape.
Commitment to Diversity and Expertise
Reinhold Schulz, the Chief Executive Officer of Flourish Research, emphasizes the company’s unique capabilities. "Our network is rich in scientific and medical expertise, which enables us to improve patient recruitment diversity and operational efficiency," Schulz noted. Flourish’s commitment to harnessing industry-leading data analytics and technology further enhances its research effectiveness.
Genstar Capital’s Role in Flourish’s Journey
Genstar Capital, known for its strategic focus on segments within healthcare and other evolving industries, will play a crucial role in Flourish’s expansion efforts. Scott Niehaus, a Director at Genstar, expressed his enthusiasm about the partnership, highlighting Flourish's unique positioning to address mission-critical challenges in executing successful clinical trials. He noted the firm's admiration for Flourish’s evolution and foresighted leadership.
Investment Philosophy and Collaborations
This partnership not only aims to facilitate organic growth but also opens doors for potential acquisitions, further strengthening the company's market presence. Luis Gonzalez from NMS Capital, who has been working with Flourish to build a fully integrated trial organization, believes this investment marks a pivotal chapter in the company's pursuit of excellence.
Integrative Support for Accelerated Growth
The collaboration with Genstar is set to enhance Flourish Research's strategic initiatives and infrastructure. Flourish has rapidly become renowned for integrating diverse clinical trial sites, which streamlines processes for sponsors and Contract Research Organizations (CROs). This model enhances the efficiency and speed of clinical research across various therapeutic fields.
Focus Areas and Future Directions
Flourish’s current operations span locations across several states, underscoring its commitment to a broad and inclusive approach to clinical trials. As the company looks to the future, this strategic investment offers unprecedented opportunities to enhance patient recruitment and retention strategies among diverse populations.
Acknowledgments and Expert Counsel
In the transaction, Jefferies LLC served as the lead financial advisor, with McDermott Will & Emery offering legal counsel to Flourish. The expertise of Cantor Fitzgerald & Co. and Houlihan Lokey also contributed significantly, ensuring a robust advisory framework throughout the investment process.
About Flourish Research
Founded to tackle the fragmented clinical trial site market, Flourish Research’s business model is built on the acquisition and integration of top-tier sites. This approach uniquely positions Flourish to offer swift and efficient services across multiple therapeutic areas. With a dedication to advancing healthcare, Flourish continues to innovate in how clinical research is conducted.
About NMS Capital and Genstar Capital
NMS Capital is a prominent private equity firm that has invested significantly in growing companies since its inception in 2010. With over $1.5 billion in managed assets, NMS provides operational resources to enhance the potential of its portfolio companies. Genstar Capital, with its extensive investment experience over three decades, focuses on nurturing quality businesses within targeted industries, including healthcare.
Frequently Asked Questions
What is Flourish Research known for?
Flourish Research specializes in conducting multi-site clinical trials across various therapeutic areas, ensuring quality and efficiency.
Who is Genstar Capital?
Genstar Capital is a private equity firm focused on investing in select segments of the healthcare and other industries, seeking to transform companies into market leaders.
How does the investment from Genstar affect Flourish Research?
The investment from Genstar forges a pathway for Flourish Research to expand its operations and improve patient recruitment efforts across its clinical trial sites.
What expertise does Flourish provide in clinical trials?
Flourish offers deep scientific and medical expertise, industry-leading data analytics, and a commitment to enhancing patient diversity in clinical research.
What are Flourish Research's future plans?
Flourish intends to leverage this investment to scale its operations, enhance patient recruitment strategies, and possibly explore acquisition opportunities within the clinical trial market.
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