- Investment from large investors attracted into SMO industry
- Consolidation of multi-site networks indicates maturing market
London, UK – Global Healthcare Opportunities, or GHO Capital Partners LLP (GHO), the European specialist investor in global healthcare, acknowledges the announcement from its portfolio company, Velocity Clinical, regarding the acquisition of 11 new US sites.
Velocity Clinical Research (“Velocity”) today announces it has acquired two multi-site companies, VitaLink Research (“VitaLink”) and the National Research Institute (“NRI”), for an undisclosed amount. The double acquisition adds 11 sites to Velocity’s existing 18, making it the largest fully integrated site management organisation in the world and signaling the next phase in the evolution of the industry.
South Carolina-based VitaLink Research operates a network of six (6) sites in the central and western part of the state, including the Greenville/Spartanburg corridor. California-based National Research Institute has five (5) facilities in the greater Los Angeles area. The combination of VitaLink and NRI will further boost Velocity’s therapeutic reach and recruiting power. Velocity’s goal to reach more minority populations is particularly enhanced through NRI’s Los Angeles-area locations and bilingual staff.