Quintiles Transnational Holdings Inc. (Q) has agreed to acquire Encore Health Resources for undisclosed terms. The acquisition is not expected to have a material impact on Quintiles' 2014 earnings per share.
Founded in 2009, Encore has over 300 employees located across North America, including around 250 consultants. Through its consulting services and solutions, Encore assists customers with a wide range of strategy, advisory, implementation, process-redesign, optimization, analytics and performance-improvement initiatives.
By joining Quintiles, Encore would leverage Quintiles' breadth and depth of capabilities as well as its global scale to accelerate Encore's vision of enhancing clinical outcomes through data-driven performance improvement.
The transaction may close later this quarter. Following the deal closure, Encore would join Quintiles' Integrated Healthcare Services segment and be known as "Encore, A Quintiles Company."
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