Webster Capital has acquired Salt Lake City-based JBR Clinical Research, a clinical research site manager conducting post-op pain studies on behalf of pharmaceutical companies. No financial terms were disclosed.
Waltham, MA (August 6, 2018) – Webster Capital is pleased to announce its partnership with JBR Clinical Research (“JBR” or the “Company”), a clinical research site manager conducting post-op pain studies on behalf of pharmaceutical companies.
Founded in 1986 and based in Salt Lake City, Utah, JBR is a clinical research site manager for multiple therapeutic areas. The Company has completed nearly 500 clinical studies across phase I-IV since inception and offers study services spanning from patient recruitment and screening/enrollment, to medical procedures and monitoring. For over three decades, JBR has partnered with clinical trial sponsors and CROs for accurate, results-driven clinical research studies for a variety of therapeutic indications.
Co-CEOs Ryan Brooks and Dain Black said, “We look forward to partnering with Webster to continue to grow JBR both organically and through acquisitions. The Webster team brings a wealth of experience in multi-site healthcare services and shares our core values of clinical quality, reliability, consistency and customer service.”
“The cost and time associated with developing drugs has increased significantly in the last decade. JBR helps reduce both the cost and time to bring a drug to market, creating value for sponsors and patients across the world,” said Mehran Ahmed, Principal at Webster Capital. “We are excited to partner with management to further penetrate the post-op acute pain sector and other therapeutic areas.”
About Webster Capital
Founded in 2003, Webster Capital is a private equity firm that invests in the branded consumer and healthcare services industries and provides equity financing, expertise, and a broad contact network for management buyouts and growth capital. Webster is currently investing its third fund and has raised over $900 million of capital. For additional information on Webster Capital, please visit www.webstercapital.com.
About JBR Clinical Research
JBR Clinical Research has over 30 years of experience in pain management protocols, vaccine testing and various other studies across phase I-IV. Services are provided from two facilities located near Salt Lake City, Utah. JBR trains its staff on interaction with patients to gain accurate and detailed study results. Using proprietary training and methods, we can produce study details unlike other research organizations. Our results are detailed and show the nuanced efficacy that give sponsors invaluable data and insight. For additional information on JBR please visit www.jeanbrownresearch.com.