Fortrea Will Divest Assets Relating To Its Enabling Services Segment, Namely Its Endpoint Clinical And Fortrea Patient Access Businesses, To Arsenal Capital Partners For $345M
Portfolio Pulse from Benzinga Newsdesk
Fortrea is divesting its Endpoint Clinical and Fortrea Patient Access businesses to Arsenal Capital Partners to focus on clinical development phases 1 through 4. The deal aims to accelerate technology and enhance operations, with closing targeted for Q2 2024. Terms were not disclosed.
March 11, 2024 | 10:32 am
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Fortrea's divestiture of its Endpoint Clinical and Fortrea Patient Access businesses to Arsenal Capital Partners is aimed at focusing and strengthening its core operations in clinical development phases 1 through 4.
The divestiture allows Fortrea to concentrate on its core competencies in clinical development, potentially leading to improved operational efficiency and growth in its focused areas. This strategic move could be viewed positively by investors as it signifies management's commitment to optimizing its business model and potentially improving financial performance in the long term.
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