Prime Global Medical Communications Ltd. (“Prime Global” or the “Company”), a portfolio company of Levine Leichtman Capital Partners (“LLCP”), announced today that it has acquired HCD Economics Ltd. (“HCD Economics”). Terms of the transaction were not disclosed.
Prime Global is a global medical communications and market access group that provides the world’s leading biotech, pharmaceutical and healthcare businesses with full-service professional communications, including healthcare strategy and consultancy, scientific and medical communications, consumer health, patient-integrated science, and market access.
Founded in 2013, HCD Economics is an academically backed organization operating in the high-growth health economics and outcomes research (HEOR) and real-world evidence (RWE) space. HCD Economics specializes in conducting burden of disease research and gathering of proprietary health economic evidence needed for market access, pricing, and reimbursement to support pharmaceutical clients across the U.S., U.K. and other key European markets.
Graeme Peterson, Founder and CEO of Prime Global, commented, “Prime Global and HCD Economics are both steadfastly focused on improving patients’ lives, and an excellent strategic fit with one another. Combining HCD’s evidence generation and analytic expertise with our specialist medical, patient, and payer communications skills will strengthen our support to clients, helping ensure patients have timely access to innovative treatments. I am excited for our teams to collaborate and pursue many attractive opportunities as our new partnership unfolds.”
Josh Kaufman, Senior Managing Director at LLCP, added, “We are delighted to support Prime Global in its first acquisition since LLCP’s partnership with Graeme and the management team. HCD Economics is highly complementary to Prime Global’s market access and health economics segment. We look forward to the benefits of this combination and to the continued execution of Prime Global’s ambitious growth plans through further strategic M&A, both in Europe and the U.S.”
Prime Global is a portfolio company of Levine Leichtman Capital Partners Europe II, SCSp.