Icon plc (Nasdaq: ICLN) will acquire the clinical-trial services division of Cross Country Healthcare Inc. (Nasdaq: CCRN) for $52 million.
The clinical-trial services division includes ClinForce and Assent Consulting, which provide contract staffing, permanent placement and other services. The division also includes Akos, a provider of drug-safety services.
Icon may pay an additional $3.75 million depending on the performance of the division.
Dublin-based Icon provides outsourcing services to pharmaceutical, biotechnology and medical device companies.
Cross Country, headquartered in Boca Raton, Fla., is a healthcare staffing company.
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