Ventiv acquires Adheris

Ventiv acquires Adheris

McGuire, Stephen

VENTIV HEALTH has acquired Burlington, MA-based patient compliance and persistency program provider Adheris, Ventiv said. Terms of the deal include the purchase of Adheris for $60 million in cash and stock plus earn-out payments for exceeding specified financial targets.

The Adheris brand is expected to remain, and the company will operate under Ventiv’s communication division.

“Adheris adds a new and valuable dimension to our business,” said Ventiv CEO Eran Broshy in a statement. “They are clearly the leader in developing state-ofthe-art patient education and reminder programs with a demonstrated track record of patient success, an area of increased interest to our clients. Adheris’ pharmacy network, proprietary technology, pharmaceutical relationships and program management expertise makes them an ideal complement to … our existing patient and physician-level education capabilities.”

Adheris CEO Mike Evanisko added, “Adheris has built a unique capability for improving appropriate patient medication utilization. Ventiv gives us an excellent avenue to demonstrate our proven programs with their deep pharmaceutical manufacturer relationships. … Together, Ventiv and Adheris will have an ability to reach more disease sufferers and help improve their outcomes.”

The deal is expected to close late in the first quarter, Ventiv said. -SM

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