(Lincoln, NE; Oct 29, 2014)– Celerion announces the successful recapitalization of its business through investment by MTS Health Investors, LLC, the New York-based healthcare private equity firm. MTS has partnered with management and will provide capital to support future growth. With operations throughout North America, Europe and Asia, Celerion provides comprehensive clinical study solutions to pharmaceutical and biotechnology clients conducting early clinical research. The company serves its clients through its global network of owned facilities with a focus on Applied Translational Medicine to support early drug development decisions.
“We are excited to partner with MTS as we enter the next phase of our growth. With a strong scientific foundation and commitment to excellence, we have worked to create a market-leading reputation and platform with unique and diversified capabilities to meet the needs of the pharmaceutical industry,” said Susan Thornton PhD, President and CEO at Celerion. “With MTS’s investment we will be provided with additional tools and resources to grow our customer base, drive value to our clients, and explore new pathways for growth.”
"MTS has spent a significant amount of time evaluating the outsourced pharmaceutical services sector and believes that Celerion represents an ideal investment platform as a market-leader in early clinical research through Proof-of-Concept studies,” said Curtis S. Lane, Partner at MTS. “Celerion’s leadership has built a company with a stellar reputation and a track record of providing unmatched service and rapid turnaround times to its pharmaceutical and biotechnology clients. We look forward to partnering with the company to provide additional financial and operational resources and to pursue new opportunities for growth."