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Expands FSP division and medical and safety services
February 4, 2013
By: Tim Wright
Editor-in-Chief, Contract Pharma
ICON will acquire the Clinical Trial Services Division of Cross Country Healthcare, Inc. (CCH) for $52 million in cash, plus an earn-out of as much as $3.8 million related to performance-based milestones. The transaction is expected to close within the next 30 days. Fairmount Partners introduced the parties and served as ICON’s financial advisor. CCH’s Clinical Trial Services Division includes U.S. resourcing providers, ClinForce and Assent Consulting, with services covering contract staffing,...
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