ST. LOUIS– Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, today announced the acquisition of BuildClinical, the leading patient recruitment solution for academic researchers, by OpenClinica, a provider of eClinical software solutions and a portfolio company of TSCP. Terms of the transaction were not disclosed.
The combination of OpenClinica and BuildClinical marks a significant milestone in the growth and expansion of both companies. Together, the two organizations will offer a complete set of solutions for recruitment, consent, enrollment, and data capture for clinical trial patients. BuildClinical’s leadership in the academic research recruitment space complements OpenClinica’s nearly two decades of supporting clinical trials at academic medical centers, while OpenClinica’s relationships with CROs, pharma sponsors, biotechs, and medical device customers will bring BuildClinical’s recruitment solutions to an even larger audience.
“OpenClinica is proud to align with the customer-oriented, entrepreneurial team at BuildClinical who have built a proven solution to accelerate clinical trial recruitment,” said Cal Collins, OpenClinica’s Co-Founder and CEO. “Together, OpenClinica and BuildClinical will enable clinical trials to get better data even faster with our integrated end-to-end technology solution.”
“The synergies between BuildClinical and OpenClinica are compelling for our clinical trial clients and our teams,” said Benji Hochberger, Founder & CEO at BuildClinical. “BuildClinical’s expertise in getting patients interested in and screened for participation in studies complements OpenClinica’s strengths in eligibility, consent, randomization, study conduct and data collection.”
“TSCP firmly believes in the critical role that academic researchers, and clinical researchers more broadly, play in enhancing human quality of life and introducing tomorrow’s life-saving treatments,” said Matt Scherrer, Managing Director at TSCP. “We’re excited to bring together two organizations that share this conviction, and we look forward to supporting them as they continue to grow.”
Edgemont Partners and Ice Miller served as financial and legal advisors, respectively, to BuildClinical, while Stout Capital and Bryan Cave Leighton Paisner served as financial and legal advisors, respectively, to OpenClinica.
