Fortrea announced it has completed the divestiture of assets relating to its Enabling Services segment, namely its Endpoint Clinical and Fortrea Patient Access businesses, to Arsenal Capital Partners, a leading private equity firm specializing in building market-leading, technology-rich healthcare and industrial growth companies. “Endpoint and FPA are distinctly positioned to support the patient journey across clinical trials and through access to novel therapeutics after approval,” said Sam Osman, chief executive officer of Endpoint and FPA. “With Arsenal as our partner, I am confident that both our businesses and our teams will benefit from accelerated growth opportunities as well as investment and executive focus, resulting in enhanced capabilities and solutions for customers.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FTRE:
- Fortrea to Present at the Jefferies Global Healthcare Conference
- Fortrea Holdings introduces solution to improve diversity in clinical trials
- Fortrea Introduces Comprehensive Solution to Improve Diversity and Inclusion in Clinical Research
- American downgraded, United upgraded: Wall Street’s top analyst calls
- Fortrea Holdings initiated with a Hold at TD Cowen