Ventiv Health acquires Franklin Group

Ventiv Health, a US provider of marketing and sales solutions to the pharmaceutical and life sciences industries, says that it has successfully completed the acquisition of Franklin Group. The financial terms of the transaction were not disclosed.

Ventiv chief executive Eran Broshy noted that "Franklin is a recognized leader in the rapidly growing US market for pharmaceutical compliance services and patient assistance programs, and currently provides services to a majority of the top-ranked global pharmaceutical companies. The combination of Ventiv and Franklin establishes an expanded suite of offerings with an unprecedented level of integrated compliance oversight embedded into these services. It also provides new opportunities for growth and supports our goal of providing full-service programs to companies in the pharmaceutical and biotechnology areas. We expect Franklin's operations to be immediately accretive to Ventiv's earnings per share."