The Cinven private equity firm is buying Bioclinica Inc. from Water Street Healthcare Partners-- a strategic health care industry investor-- and the JLL Partners PE firm. Bioclinica provides outsourced clinical trials services.
JLL Partners and Water Street built Bioclinica, based in Doylestown, Pennsylvania, through eight acquisitions, including CCBR-Synarc in 2014. In two years, Bioclinica’s revenues increased more than 60 percent and its staff more than doubled. The company’s customers include the 50 largest pharmaceutical companies in the world and the 10 largest contract research organizations.