Webster Capital has acquired Quincy, Massachusetts-based PharmaLogics Recruiting, a recruitment firm for life sciences companies. No financial terms were disclosed.
PRESS RELEASE
Waltham, MA (January 31, 2017) – Webster Capital is pleased to announce its acquisition of PharmaLogics Recruiting (the “Company” or “PLR”), a provider of recruiting solutions for life sciences companies worldwide.
Founded in 2003, PharmaLogics Recruiting provides a comprehensive suite of recruitment solutions to life sciences companies with a focus on biopharmaceutical firms engaged in drug/medical device development. The Company is headquartered in Quincy, Massachusetts and maintains a European office in Basel, Switzerland in order to provide a flexible scope of services to companies of all sizes worldwide. PLR focuses on delivering low cost placement services to clients and takes a collaborative approach to working with HR departments and hiring managers.
“We are excited to partner with PLR to assist them in continuing to source specialized talent and provide high quality recruiting services for the life sciences industry” said David Malm, Co-Managing Partner and Head of Healthcare Services at Webster Capital. “The Company has an exceptional track record and is well-positioned to capitalize on a range of growth opportunities in the coming years.”
Founder and CEO, Megan Driscoll, said “We are thrilled to partner with Webster in our next phase of growth. The Webster team brings a wealth of experience in healthcare services and shares our core values of innovation, collaboration, transparency and enthusiasm. With their support, we look forward to continuing to transform the way recruitment services are delivered and pursuing other exciting growth plans.”
About Webster Capital
Founded in 2003, Webster Capital is a private equity firm with over $600 million of committed capital which invests in the branded consumer and healthcare services industries. Webster Capital provides equity financing, expertise, and a broad contact network for management buyouts and growth capital. For additional information on Webster Capital please visit www.webstercapital.com.
About PharmaLogics Recruiting
PLR is a global search firm offering unique knowledge and a long history of consulting in the pharmaceutical and biotechnology industries. Led by a seasoned management team, PLR places top talent at companies devoted to the development of medicine that improves and saves lives. For additional information on PLR please visit www.pharmalogicsrecruiting.com.
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