MORRISVILLE, N.C., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Syneos Health, Inc. ("Syneos Health" or the "Company"), a leading fully integrated biopharmaceutical solutions organization, today announced the completion of its acquisition by a consortium of private investment firm affiliates composed of Elliott Investment Management L.P., Patient Square Capital and Veritas Capital.
As a result of the transaction, Syneos Health is now a privately held company. With the support of its new private investors, the Company will be poised to further accelerate its transformation, fuel investments in technology that better differentiate its integrated solutions and expand its commitment to better serve customers.
Under the terms of the transaction, Syneos Health stockholders will receive $43.00 in cash for each share of Syneos Health common stock they hold (without interest and subject to any applicable withholding taxes or other amounts required to be withheld under applicable law).
The transaction was originally announced on May 10, 2023, and received approval from Syneos Health stockholders on August 2, 2023. As a result of the completion of the transaction, shares of Syneos Health common stock were removed from listing on the Nasdaq Stock Market, with trading in Syneos Health shares suspended prior to the opening of business today.
Further information about the transaction can be found in a Form 8-K filed with the SEC today by Syneos Health.
About Syneos Health
Syneos Health® is a leading fully integrated biopharmaceutical solutions organization built to accelerate customer success. We translate unique clinical, medical affairs and commercial insights into outcomes to address modern market realities.
We bring together a talented team of professionals, who work across more than 110 countries, with a deep understanding of patient and physician behaviors and market dynamics.
Together we share insights, use the latest technologies and apply advanced business practices to speed our customers' delivery of important therapies to patients.
Syneos Health supports a diverse, equitable and inclusive ...