CHICAGO, Aug. 10, 2017 (GLOBE NEWSWIRE) -- CIVC Partners, LP (“CIVC”) is pleased to announce the successful sale of Medical Knowledge Group, LLC (“Medical Knowledge Group” or the “Company”) to MTS Health Investors, LLC. The existing management team will maintain a significant ownership position in the Company going forward.
Headquartered in New York City, Medical Knowledge Group provides analytics-driven and technology-enabled multi-channel healthcare marketing and communications services to the biopharmaceutical industry.
Medical Knowledge Group is led by founders Leon Behar (CEO) and Ed Lazarowitz (CFO) who are supported by a team of highly talented business leaders. These executives worked closely with CIVC to continually expand the Company’s capabilities suite, including the addition of sophisticated data analytics which are leveraged in conjunction with Medical Knowledge Group’s marketing and medical expertise to develop highly effective market-shaping strategies.
“Leon, Ed and the rest of the team have done an outstanding job of harnessing and analyzing the growing volume of data to drive exceptional outcomes for their clients,” said Marcus Wedner, a partner at CIVC. “The Company’s ability to translate data into actionable insights is truly unparalleled and allows Medical Knowledge Group to be a value-added thought partner to its clients.” The entire senior management team will remain with the Company and is committed to continuing to provide outstanding service to their clients.
The successful sale of Medical Knowledge Group highlights CIVC’s focus on identifying and partnering with companies that provide highly differentiated services to sophisticated clients.
Petsky Prunier served as financial advisor and Kirkland & Ellis LLP served as legal advisor to Medical Knowledge Group.
About CIVC Partners, LP
CIVC Partners is a Chicago-based private equity firm investing in high growth middle market companies in the business services and financial services sectors. Since 1989, the team has invested over $1.5 billion in 60 platform companies and over 100 add-on acquisitions. CIVC’s current portfolio consists of companies providing utility services; engineering services; commercial landscape maintenance; point-of-sale financing; auto loan financing; environmental, health and safety compliance software and services; logistics services; well-site services; mortgage loan origination and servicing; and infrastructure repair services. More information on CIVC Partners and its portfolio companies can be found at www.civc.com.