InVentiv Health Acquires PR Firm

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InVentiv Health, the leading provider of commercialization and complementary services to the global pharmaceutical and life sciences industries has acquired full-service global health care PR firm Chandler Chicco Agency (CCA). AdMedia Partners, a New York financial advisory firm, represented Chandler Chicco in the acquisition.

CCA will operate within the inVentiv Communications division, which offers a full suite of integrated health care marketing and communications solutions. InVentiv will acquire CCA for $65 million in cash and stock in addition to earn-out payments for exceeding specified financial targets.

"This transaction serves to show that public relations and public affairs are crucial components of health care communications to health care professionals, consumers and regulatory bodies," says Phil Palazzo, a Managing Director at AdMedia Partners. "In 12 years Chandler Chicco has become the leader in health care communications, working on complex products and campaigns for many of the world's largest pharmaceutical companies."
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