Great Point Partners Invests in Health-care Companies
Founded in 2003 and based in Greenwich, Connecticut, Great Point Partners invests in health-care companies with clearly delineated business models and strong executive leadership teams. The firm employs an experienced team of 25 professionals. Great Point Partners manages both private and public health-care funds.
Since its inception, the firm has made capital investments of more than $1 billion in more than 100 health-care enterprises. The firm’s managing directors possess an aggregate of more than 100 years of experience among them.
Great Point has a history of helping executives build strong enterprises that deliver shareholder value. The firm has help private equity portfolio companies on initial public stock offerings, mergers and acquisitions, and securing follow-on financing. More information about the firm is available on its website at www.gppfunds.com.
The Work of Clinical Supplies Management
An investment firm in Greenwich, Connecticut, Great Point Partners manages a portfolio with a focus on companies in the health care sector. One such firm is Clinical Supplies Management (CSM), a Great Point Partners Portfolio company that has recently made several acquisitions to expand its operations throughout Europe.
Founded in 1997, CSM provides a range of innovative solutions to meet the needs of companies within the biotechnology and pharmaceutical spheres. In particular, CSM offers clinical supply chain services that help its clients achieve efficiency and cost-effectiveness in clinical trials. In addition to defining itself through its dedication to customer service, CSM offers a multi-phase service that extends from basic Phase I trials through to largescale Phase III work.
Throughout late 2016 and into early 2017, CSM undertook a European expansion effort that saw it acquire Theorem Clinical Supply in Frankfurt, Germany, followed closely by its purchase of B&C Group, a Brussels-based provider of clinical trial and biomedical sample services.
Great Point Partners and Professional Physical Therapy
Since its formation in 2003, Great Point Partners (GPP) has invested into an array of companies in the health care sector, including Professional Physical Therapy (ProPT), an award-winning provider of hand and physical therapy. In December 2016, ProPT and Great Point Partners announced that Great Point Partners had sold it's interest.
During its time with GPP, ProPT enjoyed expansion throughout Connecticut, New Jersey, and New York. From 2011, when ProPT operated 10 facilities and employed approximately 300 employees, the organization’s offering has grown to the point where it now has 100 locations, employing more than 1,200 staff throughout the Tri-State area. Beyond this, ProPT made over 20 tuck-in acquisitions while working with GPP, in addition to experiencing a compound yearly growth rate in excess of 35 percent during the partnership. The conclusion of the partnership, which ProPT CEO Adam Elberg hailed as highly rewarding, marked the fourth exit from an investment for GPP in approximately 14 months.