MedForce Acquisition Marks Strategic Move
Deal News | Feb 20, 2025 | Eureka Growth Capital Manageme
Eureka Equity Partners, a private equity firm based in Philadelphia, announced the sale of its portfolio company MedForce, a specialized medical communications company, to an undisclosed strategic buyer. MedForce, located in Shrewsbury, NJ, is recognized for its expertise in highly specialized areas such as oncology and rare disease drug communications. It provides services that encompass scientific content development and healthcare professional interaction management, driving product commercialization for biopharmaceutical clients. With Eureka's support, MedForce developed into a market leader, leveraging its proprietary technology and integrated solutions throughout the product lifecycle. Piper Sandler & Co. and Morgan, Lewis & Bockius LLP were advisors on the transaction.
Sectors
- Private Equity
- Healthcare Services
- Biopharmaceutical Industry
Geography
- United States – The transaction involves U.S.-based companies Eureka Equity Partners and MedForce, located in Philadelphia, PA and Shrewsbury, NJ, respectively.
Industry
- Private Equity – Eureka Equity Partners is a private equity firm involved in the sale of MedForce.
- Healthcare Services – MedForce specializes in medical communications for biopharmaceutical clients.
- Biopharmaceutical Industry – MedForce provides communication services tailored to the needs of the biopharma sector.
Financials
- Up to $100 million in revenue – Target revenue threshold for niche market leaders that Eureka Equity Partners seeks to invest in.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Eureka Equity Partners | Seller | Company | A private equity firm facilitating the sale of MedForce. |
| MedForce | Target | Company | A medical communications company specializing in biopharmaceutical content development. |
| Undisclosed Strategic Buyer | Buyer | Company | The entity acquiring MedForce. |
| Piper Sandler & Co. | Financial Advisor | Company | Served as financial advisor to Eureka and MedForce in the transaction. |
| Morgan, Lewis & Bockius LLP | Legal Advisor | Company | Provided legal services to Eureka and MedForce. |
| Tim Fallon | CEO of MedForce | Person | Chief Executive Officer of MedForce. |
| Mike Basta | President of MedForce | Person | President of MedForce who commented on the growth of the company under Eureka's leadership. |
| Chris Miller | Partner at Eureka | Person | A partner at Eureka and contributor to the development of MedForce. |
| Tassie Oswald | Partner at Eureka | Person | A partner at Eureka who highlighted MedForce's capabilities. |