Healthcare & Life Sciences Services Market Insights January 2024

2023 included notable M&A activity in the Healthcare & Life Sciences Services market, propelled by ongoing scientific and technological advancement and regulatory changes, and strong interest from private equity investors. Key segments attracting market demand included medical communications, commercialization consulting, regulatory affairs, outsourced drug development services, revenue cycle management, EHR and clinical workflow consulting, and … Continued

Clearsight Advises Cordia in its Acquisition by Cherry Bekaert

Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its Outsourced Finance and Accounting practice. Clearsight served as the exclusive advisor to Cordia Partners and Cordia Resources (Cordia) (“Cordia” or the “Company”) in its acquisition by Cherry Bekaert, LLP (“Cherry Bekaert”), a portfolio company of Parthenon Capital. Headquartered in Tysons, VA, Cordia … Continued

Clearsight Advises Civix on the Divestiture of its Critical Infrastructure Division to Modaxo

Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another transaction in its leading Public Sector Technology practice. Clearsight served as the exclusive advisor to Civix, Inc. (“Civix”), a portfolio company of Hammond, Kennedy, Whitney and Co., Inc. (“HKW”), on the divestiture of its Critical Infrastructure Division (“Civix CI” or the “Company”) to Modaxo, Inc. (“Modaxo”), … Continued

The Impact of the FTC’s Proposed Non-Compete Rule on M&A

The Federal Trade Commission (FTC) recently proposed a series of sweeping changes to current non-compete law that would effectively ban these agreements between employees and employers under most circumstances. If implemented in its current form, the rule would substantially change how employers and acquirers utilize restrictive covenants, with potential impacts across compensation structures, M&A dynamics, … Continued

Clearsight Advises Bow River’s Ocean Tomo in its Acquisition of Veris Consulting

Clearsight Advisors (“Clearsight”) is pleased to announce another successful buyside transaction in its Risk & Regulatory and Financial Services practices. Clearsight served as the exclusive advisor to Bow River Capital (“Bow River”), in partnership with their portfolio company Ocean Tomo, in their acquisition of Veris Consulting (“Veris” or “The Company). Veris is a leading forensic … Continued

Clearsight Advises Process Stream in its Acquisition by Sikich

Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its Life Sciences Consulting and Compliance Practices. Clearsight served as exclusive advisor to Process Stream (or “The Company”) in the acquisition of its assets by Sikich, LLP (“Sikich”). This transaction emphasizes Clearsight’s role as a preeminent advisor to the consulting and compliance sectors. … Continued

Clearsight Advises Identropy in its Acquisition by Protiviti

Clearsight Advisors, Inc. (“Clearsight” ) is pleased to announce another transaction for its Cybersecurity Services practice. Clearsight served as the exclusive financial advisor to Identropy, Inc. (“Identropy” or “The Company”), a portfolio company of Osage Venture Partners and Activate Venture Partners, in its acquisition by Protiviti, Inc. (“Protiviti”), a subsidiary of Robert Half International, Inc. … Continued

Clearsight Advises Keane on its Divestiture of Reporting Software and Consulting Divisions to Sovos

Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another transaction in its technology-enabled Compliance Services practice. Clearsight served as the exclusive financial advisor to Keane Unclaimed Property (“Keane”), a portfolio company of Lovell Minnick Partners, in the divestiture of its reporting software and consulting divisions to Sovos Compliance, LLC (“Sovos”), a portfolio company of Hg … Continued

RSAC 2020: Insights and Reflections

As the flagship cybersecurity, risk, and access management conference of the year, RSA Conference (RSAC) is a valuable space for industry leaders, boutiques, and financial sponsors to come together and consider the eminent challenges and successes in the field. At RSAC 2020, members of the Clearsight team met with industry partners and discussed the latest … Continued

Compliance & Risk Outlook for 2020

Between changes in regulation, technological advancements, and shifting consumer preferences, data privacy compliance is a dynamic issue for every business. These trends are expected to continue for the foreseeable future, necessitating even greater attention from business owners. We narrow down the top compliance and risk concerns for the upcoming year and assess their ramifications across … Continued

CCPA: A New Era of Data Privacy

As of January 1st, 2020, the California Consumers Privacy Act (CCPA) will effectively be the first major data privacy regulation for U.S. businesses. For those businesses that have yet to face new consumer data privacy regulation, CCPA can seem daunting. CCPA aims to give California consumers greater transparency into how their data is being collected … Continued

Caught in The Crosshairs of ADA Compliance, Domino’s Appeals and Is Denied

On October 7th, the U.S. Supreme Court greenlighted a case that calls into question the extent to which companies are responsible for making their websites and apps accessible to the blind and visually impaired. At the center of the legal battle is Domino’s Pizza Inc. which came under scrutiny for non-compliance with the Americans With … Continued

PricewaterhouseCooper Acquires KYC Tool From FSCom

PricewaterhouseCoopers’ Belfast-based change management division, PwC Operate, acquired last month the anti-money laundering tool (AML) KYC-Pro from FSCom, an Irish compliance consultancy focused on the financial services sector. The Know Your Client (commonly referred to as KYC) regulatory requirement protects financial institutions from being used by criminals for money laundering purposes but has historically been … Continued

The Red Flag Group Acquires ETHIC Intelligence

The Red Flag Group, a global business intelligence and technology firm based in Hong Kong with a robust presence in the US, Middle East, and Europe, recently announced that they have acquired ETHIC Intelligence as part of its commitment to existing and prospective clients that are increasingly interested in establishing best practices and achieving excellence … Continued

Monitoring and Modernizing U.S. Data Privacy Laws

The Internet Association announced last week that it supports modernizing U.S. data privacy laws – with a caveat. The trade group, which represents more than 40 major internet and technology firms, including Netflix and Twitter, favors a national approach over state-by-state jurisdiction which would supersede the digital privacy law set to go into effect in … Continued

Is GDPR Coming to America?

At our inaugural Compliance Summit earlier this summer, we hosted several panels across a variety of topics and sectors. Regardless of industry or niche, there was a common theme to the day’s conversations: General Data Protection Regulation (GDPR). The consensus was that GDPR is a game changer—and not just for the EU. Normally when we … Continued

Recapping the Compliance Summit: Data Privacy & Security

Last week, Clearsight Advisors hosted its inaugural Compliance Summit at the Pierre Hotel in New York. As the landscape of regulatory requirements has expanded across industries, the Clearsight team has identified key themes and innovative companies that are leading the market in delivering comprehensive solutions to their clients. We brought together a diverse audience of … Continued