A Cheshire-headquartered life science commercialisation company has acquired a research consultancy with offices across Europe, Asia and the US.
Fishawack Health has snapped up PRMA Consulting, which has UK bases in Fleet and Manchester, for an undisclosed sum.
Oliver Dennis, Fishawack Health co-founder and chief executive, said: "We're delighted to welcome PRMA Consulting to our group – our third acquisition of 2021.
"PRMA Consulting brings extensive global market access, HEOR, and disease area expertise, making them an important addition to our Consulting business unit.
"By acquiring best-in-class organizations like PRMA Consulting, we are continuously developing agile, integrated, and tailored solutions that ensure we're one step ahead of our client's complex and evolving needs across the product lifecycle – from laboratory assets to launch and beyond."
Fishawack Health's head of consulting, Fred Bassett, added: "Our goal at Fishawack Health is to give clients access to highly-experienced experts who provide strategic direction, helping to make decisions that matter across the development and commercialization of portfolios, products, and services.
"The PRMA Consulting team shares our passion for solving the most complex and challenging healthcare problems in fast-evolving markets.
"We're delighted to add a team of market access and health economics strategists with deep specialism in HEOR, healthcare technology assessments, pricing, and reimbursement processes."
David Sykes, founding partner at PRMA Consulting, said: "We are excited about the opportunity of joining Fishawack Health and building out the leading global value, evidence, and access group.
"We were drawn by our shared culture and values and the ability to tap into existing complementary Fishawack Health resources, which will help us provide our clients with an even better experience.
"As the pace of clinical development accelerates and the responsibilities between medical, commercial, access, and HEOR merge, we see a huge opportunity to develop market-leading integrated and cross-functional service offerings for our clients.
"We would like to thank our clients for helping us achieve this important milestone. I would also like to recognize and thank the wonderful team at PRMA Consulting who have helped us to be so successful.
"As our journey progresses, we remain focused on partnering with clients to help them enable faster patient access to therapies that improve health outcomes."
KPMG Manchester acted on behalf of Fishawack Health for financial and tax due diligence; Craig Scott and Elan Iorwerth, Hill Dickinson (Liverpool), together with Jamie Mercer and Lyle LeBlang, Sheppard Mullin (San Diego), and Allen & Overy (London) provided legal support; and EY provided tax advice.
PwC acted on behalf of PRMA Consulting for corporate finance. Charles Russell Speechlys LLP provided legal support and due diligence, and Marcussen Consulting LLP provided Tax advice and due diligence.
