29th Mar 2016 06:50
LONDON (Alliance News) - Wilmington PLC on Tuesday said it has struck a deal worth up to GBP6.0 million to acquire healthcare and pharmaceutical analytics firm Evantage Consulting Ltd.
Wilmington, which provides information, education and networking services to various financial and legal industries, said it has partnered with Evantage over the past five years on providing business intelligence and data analysis services to pharmaceutical clients.
Wilmington said Evantage will sit within its Insight division and will boost its healthcare analytics offering for the UK and overseas markets.
The consideration will comprise an initial GBP1.4 million cash payment, plus a further GBP4.6 million in deferred payments dependent on Evantage hitting profit targets out to 2020.
"I am delighted to welcome Evantage to Wilmington. With this addition to our group we advance one of our strategic objectives of building our competency in healthcare analytics which will allow us to be even better placed to deliver our clients the insight they need to optimise their businesses," said Pedro Ros, Wilmington's chief executive.
By Sam Unsted; [email protected]; @SamUAtAlliance
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