MODN - Model N to acquire Deloitte's Life Sciences pricing and contracting solutions business

Model N (MODN) enters into a definitive agreement to acquire Deloitte’s life sciences pricing and contracting solutions business and underlying technology for $60M in cash.Transaction expected to close in late December 2020, more financial details of the transaction to be provided on during Q1 earnings conference.“We are very excited to welcome Deloitte’s life sciences pricing and contracting solutions customers and employees to the Model N community. We believe the acquisition of this business allows us to offer revenue management to the broader life sciences market. Deloitte’s cloud software and expert services solution are purpose built to help companies scale from pre-commercial to billion dollar enterprises. Model N has not historically gone after the pre-commercial segment so this is an exciting addition to our total addressable market.” said Jason Blessing, president and CEO.

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Model N to acquire Deloitte’s Life Sciences pricing and contracting solutions business