WAYNE,
Pa., and ORLANDO,
Fla., June 25, 2024 /PRNewswire/ -- Argosy
Healthcare Partners ("AHP"), a lower middle market private equity
fund focused exclusively on healthcare, and a division of Argosy
Capital Group, Inc., a diversified investment firm with
$3.4 billion in assets under
management, announced today a recapitalization and partnership with
Connect Life Sciences ("CLS" or the "Company"). The Company
provides recruitment solutions to pharmaceutical, biotechnology,
and medical device customers. AHP is thrilled to partner with CLS
and support its next stage of growth.
Connect Life Sciences, headquartered in Orlando, Florida, and founded in 2020 by
Jim Owens and Andrew Doucet, provides a range of recruitment
services from staff augmentation to project-based services across
life sciences. CLS delivers full life cycle resourcing solutions
including contract staffing, contract to hire, direct placement,
and consulting services. CLS provides these services from research
to regulatory affairs with expertise in biostatistics, data
management, clinical monitoring, quality assurance, statistical
programming, pharmacovigilance, regulatory affairs, medical
writing, and data sciences.
We believe life sciences and medical device companies continue
to turn to outsourced recruitment solutions to be more agile,
efficient, and cost effective, while accessing talent and resources
to support their clinical trials. The trend is fueled by the need
for flexibility, specialized talent, time and cost efficiency,
access to global resources, and allows life sciences companies to
concentrate on core competencies, such as research, development,
and commercialization of products. Paul
Barrett, Managing Partner of AHP, stated, "We are thrilled
to partner with Jim and Andrew and the entire CLS team in
supporting their next phase of growth. CLS has achieved significant
growth since inception and we believe is well positioned to
continue to provide outstanding recruitment solutions and service
to high growth pharmaceutical, biotechnology, and medical device
markets. We look forward to reinvesting in the existing foundation
and supporting the build out of the commercial engine to accelerate
growth."
Jim Owens, CLS Co-Founder and CEO
commented, "We are excited to announce our partnership with AHP and
embark on the next chapter in our journey at Connect Life Sciences.
At CLS, we built our foundation on delivering exceptional customer
service to our life sciences customers while maintaining a strong
and growth-oriented company culture. Through our partnership with
AHP, we look forward to reinvesting in our business, driving
growth, and scaling. This partnership allows us to better serve our
customers by expanding our core capabilities and resources while
taking advantage of the sizeable market opportunities across our
life sciences end markets."
Connect Life Sciences
Connect Life Sciences,
headquartered in Orlando, Florida,
and founded in 2020 by Jim Owens and
Andrew Doucet, provides a range of
recruitment services from staff augmentation to project-based
services. CLS delivers full life cycle resourcing solutions
including contract staffing, contract to hire, direct placement,
and consulting services. CLS provides these services from research
to regulatory affairs with expertise in biostatistics, data
management, clinical monitoring, quality assurance, IT programming,
pharmacovigilance, regulatory affairs, medical writing, and
real-world evidence.
Argosy Healthcare Partners
Argosy Healthcare
Partners ("AHP") is a lower middle market private equity firm
dedicated to healthcare. AHP partners with founder owned healthcare
businesses anywhere in the US with $1.0 – $3.0 million
of EBITDA and executes control transactions. AHP is a platform
built for founder-owned companies to support their culture,
reinvest in their business, and help accelerate growth.
For further information, please
visit:
Connect Life Sciences:
www.connectlifesciences.com
Argosy Healthcare Partners: www.argosyhp.com
Contact:
Connect Life Sciences
Jim Owens, CEO
jowens@connectlifesciences.com
Argosy Healthcare Partners
Paul Barrett, Managing
Partner
pbarrett@argosyhp.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/argosy-healthcare-partners-completes-recapitalization--announces-partnership-with-connect-life-sciences-302181812.html
SOURCE Argosy Healthcare Partners