HURST advises on the sale of Fortis Pharma Consulting
Lauren Roberts, of HURST Corporate Finance and Liz Gallagher of HURST’s tax team have advised Fortis Pharma Consulting on the company’s sale to Macclesfield-based Bioscript.
Established in 2005, Fortis is a London-based specialist medical affairs services provider.
Fortis is a highly-successful business that works with clients in refining and articulating a product’s value at launch, with specialist skills in medical education, expert engagement and strategic consultancy. The business supports access teams from smaller healthcare organisations through to leading multi-nationals.
Lauren said: “Fortis is a great business which has grown exceptionally strongly in recent years.
“Managing director Graeme Smith was keen to find a strategic partner able to support the business on its next stage of growth.
“Bioscript is a good cultural fit for the business and we everyone well for the future.”
Bioscript is a successful global provider of medical communications and regulatory writing services for pharmaceutical companies.
“Lauren and the team at HURST were highly effective in guiding our busy management team through the entire due diligence process, ensuring deadlines were met, and buyer queries were understood and responded to effectively. I can’t recommend them highly enough."
The addition of Fortis strengthens Bioscript’s end-to-end service offering by extending the breadth and depth of its services across the pharmaceutical product lifecycle, and by bringing additional capabilities in medical affairs.
Earlier this year, UK private equity buy and build specialist Sovereign Capital Partners provided a significant investment into Bioscript to further develop and grow the business.
Graeme Smith said: “Our business has experienced rapid growth and we are pleased to have found a like-minded, well-invested partner with whom we believe we will continue to flourish and develop our high-quality service for clients.
“Cultural fit was a really important factor for us and Bioscript is well-known for its respect, support and care for its teams. We are very excited about the future.”
He added: “Lauren and the team at HURST were highly effective in guiding our busy management team through the entire due diligence process, ensuring deadlines were met, and buyer queries were understood and responded to effectively. I can’t recommend them highly enough.”