NaviMed to sell US medical communications firm The CM Group to OPEN Health

• OPEN Health is a global provider of scientific communications and market access services
• NaviMed has over $400 million of assets under management
• NaviMed focuses exclusively on the healthcare industry

NaviMed Capital has agreed to sell Massachusetts-based The CM Group, a domestic medical communications firm, to OPEN Health. No financial terms were disclosed.

OPEN Health is a global provider of scientific communications and market access services.

On the transaction, Daniel Leonard, CEO of The CM Group, said in a statement: “We are thrilled to join OPEN Health and continue on the journey of being a strategic partner to pharma and biotech customers. I would like to thank NaviMed Capital for their partnership in helping The CM Group develop and execute its vision to strengthen its core competencies while expanding into new services and technologies.”

Harris Williams served as financial advisor to The CM Group and Houlihan Lokey advised OPEN Health on the transaction.

NaviMed is a Washington, D.C.-based private capital firm with over $400 million of assets under management, focused exclusively on the healthcare industry. NaviMed targets profitable private companies with up to $10 million of EBITDA and double-digit revenue growth.