Center City, Philadelphia-based eResearch Technology, a large provider of medical devices and services to biopharmaceutical and health-care organizations, was purchased by San Francisco-based private equity giant Genstar Capital for $400 million, reports the Wall Street Journal.
ERT Chief Executive Jeffrey Litwin said the deal, expected to close during the third quarter, will provide the company with acquisition capital to expand its offering and better serve its clinical research clients.
Original source: Wall Street Journal
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