WEST CONSHOHOCKEN, PA – April 8, 2013 – Fairmount Partners announced today that Telerx, Inc., a subsidiary of Merck & Co., Inc., has completed its acquisition of Sentrx Safety Solutions, a leading pharmacogvigilance (drug safety) services organization. Fairmount Partners, a Mid-Atlantic investment bank, introduced the parties and advised both Telerx and Sentrx on the transaction.
Howard Snyder, VP of Mergers and Acquisitions for Telerx, stated, “We are extremely pleased to add the Sentrx team, led by Mike O’Gorman, CEO, and their industry leading pharmacovigilance capabilities to our Telerx services platform. Working with Fairmount Partners, we will continue to seek highly complementary acquisitions.”
Neal McCarthy, Managing Director of Fairmount Partners, who led the team which represented Sentrx and its primary owner Edison Ventures, indicated, “It was a pleasure to represent Mike O’Gorman, CEO of Sentrx and the partners at Edison Ventures. Sentrx will be an excellent addition to Telerx.”
Dick Thatcher, also a Managing Director at Fairmount Partners, led the team representing Telerx. He added, “Mike O’Gorman and Howard Snyder played exceptional leading roles to make this transaction happen. We expect this will be the first in a series of highly successful transactions that Telerx is planning.”
Telerx offers complete management of complex and sensitive interactions in the healthcare marketplace including, access & reimbursement, product recalls and critical events, quality and compliance and patient assistance among others. The company adheres to strict regulatory requirements and standard operating procedures related to Pharmaceutical industry. Over 90 percent of the company’s clients are FDA-regulated. Telerx has corporate headquarters in Horsham, Pennsylvania with additional contact centers in Allentown and Wilkes-Barre, Pennsylvania, El Paso, Texas and Kings Mountain, North Carolina. http://www.telerx.com
Telerx is highly regarded by major Pharmaceutical/Healthcare organizations for its depth and breadth of solutions in the following areas:
- Patient Relationship Management Solutions: Including (i) adverse event/product complaint handling, (ii) customer marketing programs, (iii) medical information, (iv) patient education and compliance, (v) patient assistance and reimbursement programs, (vi) product recalls and (vii) fulfillment services; and
- Healthcare Professional Management Solutions: Including (i) telesales, (ii) sales support, (iii) medical information,(iv) pharmaceutical drug sampling, and (v) medical education and speaker services.
Founded in 1995 and headquartered in Little Falls NJ, Sentrx Safety Solutions provides pharmacovigilance (drug and device safety) services to the life sciences industry, safety data hosting services, additional regulatory services, special projects and other related technology services. Sentrx was a portfolio company of Edison Ventures, a leading East Coast Healthcare and Technology focused private equity firm. http://www.sentrx.com
About Fairmount Partners
Fairmount Partners is one of the largest investment banking groups in the Mid-Atlantic region. The firm specializes in advising middle-market growth companies with mergers and acquisitions, capital raising and strategic advice. Fairmount’s key focus areas include: Healthcare, IT and Business Services, Software & Technology and Industrial & Consumer businesses. Fairmount has completed transactions throughout North and South America, Europe, Asia and Australia. For more information, visit: www.fairmountpartners.com.
For further information, contact: