Elliott, Patient Square and Veritas Acquire Syneos Health for ~$7.1B
May 10, 2023
A consortium of private investment firms—Elliott Investment Management, Patient Square Capital and Veritas Capital—has completed the acquisition of Syneos Health for $43.00 per share, a transaction valued at approximately $7.1 billion including debt. Syneos Health will become a privately held company, with the new owners planning to accelerate its transformation, invest in technology and strengthen its integrated biopharmaceutical services.
- Buyers
- Elliott Investment Management L.P., Patient Square Capital, Veritas Capital
- Targets
- Syneos Health, Inc.
- Sellers
- Syneos Health stockholders
- Industry
- Healthcare Services
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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