TGaS scooped up in private acquisition
Terms were not disclosed. TGaS will become an operating division of the company.
“TGaS offers a unique model of developing data to assist pharmaceutical companies in benchmarking their activities against those of [competitors],” Jon Bigelow, president and CEO of KnowledgePoint360, told MM&M.
KnowledgePoint360—whose other divisions support publication plans, speakers bureau logistics, disease-state education and other medical-communications services—was created after the 2007 acquisition of Thomson Medical Education (TME) by KnowledgePoint360's majority owner, private-equity firm ABRY Partners.Last year the firm shuttered Postgraduate Professional Services (PPS), its accredited medical education arm.
Bigelow said his firm is still looking to expand. “We moved out of the CME business last year, but [in] just about any other area of healthcare information, we are interested in being suppliers if we see we can provide value.”
Separately, TGaS was slated to field the Pharmaceutical Marketing Research Group's first State of the Industry Survey at the PMRG Institute meeting in late October, as well as online. PMRG will present results next March at its Annual National Conference.