Lo­cal firm buys health busi­ness

Greenwich Time - - BUSINESS - By Paul Schott [email protected], 203-964-2236, Twit­ter: @paulschott

Green­wich pri­vate-equity group Amulet Cap­i­tal Part­ners an­nounced this week the ac­qui­si­tion of health com­mu­ni­ca­tions and data firm Open Health, with plans to merge the Bri­tish com­pany with a sim­i­lar busi­ness that it al­ready owns.

Fi­nan­cial terms of the deal were not dis­closed.

The new or­ga­niz­ing, com­pris­ing Open Health and med­i­cal-com­mu­ni­ca­tions firm Pelo­ton Ad­van­tage, will op­er­ate with ap­prox­i­mately 520 em­ploy­ees. Open Health CEO David Row­ley will con­tinue in the role, sup­ported by an ex­ec­u­tive team in­clud­ing Open Health co-founder Sandy Roy­den and Pelo­ton co-founders Carolyn Clark and Michael McLaugh­lin.

“This is a trans­for­ma­tional merger cre­at­ing at­trac­tive path­ways for growth for both Pelo­ton and Open Health,” Ram­sey Frank, Amulet part­ner and co-founder, said in a state­ment. “We look for­ward to sup­port­ing the com­bined team’s ef­forts to of­fer per­son­al­ized so­lu­tions to bio­phar­ma­ceu­ti­cal clients across a range of med­i­cal af­fairs, com­mer­cial, healthe­co­nomics out­comes re­search, real-world ev­i­dence and mar­ket ac­cess func­tions.”

Par­sip­pany, N.J.-based Pelo­ton fo­cuses on pub­li­ca­tion plan­ning and re­lated con­tent de­vel­op­ment for med­i­cal-ed­u­ca­tion pro­grams.

“We have known David for many years and are de­lighted to merge with the Open Health team,” Clark said in a state­ment. “This merger sig­nif­i­cantly ex­pands our client foot­print and fi­nan­cial profile glob­ally, adding mean­ing­ful scale and prof­itabil­ity to our com­pany.”

Founded in 2011, Mar­low, Eng­land-based Open Health fo­cuses on on­col­ogy, rare dis­eases and spe­cial­ist medicines.

“The merger of Pelo­ton and Open Health pro­vides very strong strate­gic, ge­o­graphic, ther­a­peu­tic and man­age­ment syn­er­gies,” Row­ley said in a state­ment. “Both teams be­lieve that as a com­bined en­tity we can pro­vide a wider range of ser­vices to our cur­rent clients, as well as al­low­ing for ge­o­graphic ex­pan­sion of core com­pe­ten­cies on both sides of the At­lantic and be­yond.”

Amulet fo­cuses solely on health care. Its in­vest­ments gen­er­ally range from $25 mil­lion to $150 mil­lion.

The firm is based in down­town Green­wich, at 55 Rail­road Ave., with a team that has ap­prox­i­mately 50 years of pri­vate equity ex­pe­ri­ence.

Hearst Connecticut Me­dia file photo

Pri­vate equity firm Amulet Cap­i­tal Part­ners is head­quar­tered at 55 Rail­road Ave. in down­town Green­wich.

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