Fortrea Completes Divestiture of Endpoint Clinical and Patient Access Businesses to Arsenal Capital Partners
Fortrea Holdings Inc. (FTRE)
Company Research
Source: GlobeNewswire
DURHAM, N.C., June 04, 2024 (GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE) a leading global contract research organization (“CRO”), today announced it has completed the divestiture of assets relating to its Enabling Services segment, namely its Endpoint Clinical (“Endpoint”) and Fortrea Patient Access (“FPA”) businesses, to Arsenal Capital Partners (“Arsenal”), a leading private equity firm specializing in building market-leading, technology-rich healthcare and industrial growth companies. Endpoint and FPA provide best-in-class Randomization and Trial Supply Management (RTSM) and patient access solutions respectively. They both represent strategically differentiated entry points within the pharmaceutical services value chain, where Arsenal holds significant domain, scientific and technical knowledge. Arsenal has appointed Sam Osman, former president of Fortrea’s Enabling Services segment, to serve as chief executive officer of the new entities, and Raymond (“Ray”) H. Hill, an operatin
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News
- Fortrea to Participate in Virtual Fireside Chat with Evercore ISIGlobeNewswire
- Fortrea Holdings Inc. (NASDAQ: FTRE) is now covered by analysts at The Goldman Sachs Group, Inc.. They set a "neutral" rating and a $28.00 price target on the stock.MarketBeat
- Fortrea to Present at the Jefferies Global Healthcare ConferenceGlobeNewswire
- Fortrea Introduces Comprehensive Solution to Improve Diversity and Inclusion in Clinical ResearchGlobeNewswire
- Fortrea Holdings Inc. (NASDAQ: FTRE) is now covered by analysts at TD Cowen. They set a "hold" rating and a $27.00 price target on the stock.MarketBeat
FTRE
Earnings
- 5/13/24 - Miss
FTRE
Sec Filings
- 6/20/24 - Form 8-K
- 6/7/24 - Form 8-K/A
- 6/4/24 - Form 8-K
- FTRE's page on the SEC website