mynth
06/2024

PHARMACORD acquired by PERMIRA

UNITED STATES Healthcare Services / Health Tech REV 1m USD - 100m USD

Context

PharmaCord has been acquired by a company backed by Permira following a definitive agreement signed in June 2024. The transaction introduces new capital to PharmaCord while the existing management team, led by founder and CEO Nitin Sahney, retains operational control and a significant equity position. The investment is subject to customary regulatory approvals and is anticipated to close in the fourth quarter of 2024. Financial advisers to PharmaCord were Centerview Partners, with legal counsel provided by Willkie Farr & Gallagher; Permira’s advisers included Jefferies LLC and Leerink Partners, and its legal counsel was Skadden, Arps, Slate, Meagher & Flom LLP. Permira’s participation aligns with its strategy to expand in technology‑enabled healthcare services that support specialty pharmaceuticals. The firm identifies increasing therapeutic complexity and heightened demand for patient‑centric solutions as drivers of market opportunity, and views PharmaCord’s digital platform and extensive client relationships as complementary to its existing portfolio. By providing growth capital and leveraging its operational expertise, Permira aims to accelerate product development, broaden service offerings, and extend the company’s reach into additional therapeutic categories and geographic regions. Post‑closing, PharmaCord is expected to integrate additional technology resources, scale its analytics capabilities, and increase the volume of supported drug products. The partnership is projected to enhance operational efficiency through shared best practices and enable faster onboarding of new pharmaceutical clients. Expanded capital may also fund recruitment of specialized talent and the development of new adherence‑tracking tools, thereby strengthening the company’s position as a commercialization partner in the specialty drug market. The combined effort is anticipated to generate incremental revenue growth and improve patient outcome metrics across the serviced therapies.

PHARMACORD, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Healthcare & Pharma sector (14.8x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

PharmaCord LLC is a United States‑based provider of patient services for the pharmaceutical industry. Established in 2015, the company designs and operates technology‑enabled programs that guide patients through the specialty medication journey. Its portfolio includes awareness campaigns, insurance navigation, co‑pay assistance, and adherence monitoring delivered via proprietary digital platforms and call‑center operations. The firm partners with more than 30 pharmaceutical manufacturers and supports over 100 distinct drug products across therapeutic areas such as oncology, rare diseases, and immunology. Revenue is generated through service contracts that combine fixed fees with performance‑based components linked to patient enrollment and outcome metrics. PharmaCord’s client base spans large multinational drugmakers, mid‑size biotech firms, and specialty pharmacy networks, each requiring compliance with regulatory standards in the United States and selected international markets.

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Historical Financials (USD)

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2024
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2023
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REFERENCES

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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Acquirer: permira