INSIGHT

Q2-2018 CRO Update

The world’s three largest providers of contract research services (Quintiles, LabCorp, and PPD) control nearly 50% of the global revenue in the industry. While we have seen a continuation of this trend recently, the second quarter of 2018 saw most of its consolidation activity happening in the lower-middle market of the CRO space. As providers look to expand service lines and generate higher quality, more timely data, many smaller providers have turned to acquisitions to help compete. As more dollars are expected to flow to CROs over the coming years, Provident expects companies will continue to turn to M&A strategies to remain competitive in the marketplace.

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Sources: SEC Filings; Company Press Releases, and Reports; IBISWorld; Capital IQ; PHP Estimates and Research. This document has been compiled with publicly available information. Provident Healthcare Partners, LLC makes no guarantee of its accuracy or completeness. No data or statement should be construed to be a recommendation for the purchase, sale, or retention of any security.
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