https://www.casselsalpeter.com/wp-content/uploads/2023/05/CRA_309x309.jpg 309 309 roaradmin http://www.casselsalpeter.com/wp-content/uploads/2021/05/CS-Logo-for-Assets-Post-10-Year-Branding_Website_04.28.21_Draft01.png roaradmin2023-05-25 15:26:012023-05-26 16:05:58Flourish Research Holdings, LLC Acquired Central Research Holdings
Flourish Research Holdings, LLC Acquired Central Research Holdings
- Background: Central Research Associates, Inc. (“CRA”), based in Birmingham, AL, is a leading, founder-owned, multi-specialty clinical research site, offering clinical trial opportunities to patients in Birmingham and the surrounding areas.
- Cassel Salpeter:
- Served as financial advisor to CRA
- Successfully identified a strategic buyer interested in expanding its footprint in the Southeastern U.S.
- Was deeply involved in the process from buyer selection through closing
- Expedited marketing process to ensure the sellers timeline was met
- Maintained original deal timeline despite challenging market conditions
- Navigating extensive diligence process without interrupting the business
- Outcome: In April 2023, CRA was acquired by Flourish Research Holdings, LLC (“Flourish Research”), a large clinical trial site network in the U.S.