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Announced

Completed

Nordic Capital-backed ERT completed the acquisition of APDM Wearable Technologies.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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digital health

Majority

Acquisition

Friendly

Digital Services

Completed

Single Bidder

Private Equity

healthcare technology

Private

United States

Synopsis

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Nordic Capital-backed eResearchTechnology, a global company specializing in clinical services and customizable medical devices, completed the acquisition of APDM Wearable Technologies, a digital health company. Financial terms were not disclosed. "To truly understand a new drug’s effect on movement disorders, sponsors need objective, real-world data that can only be captured by a medical-grade precision motion device and combined with traditional clinical endpoints for a complete view on efficacy. APDM’s advanced technology and broad understanding of objective precision movement measurement complements ERT’s expertise in high-quality clinical trial data collection, delivering the most efficient and effective approach for trial sponsors developing new medical treatments for the millions of patients living with movement disorders today," James Corrigan, ERT President and CEO.

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