For Immediate Release
December 3, 2009
Ewing Bemiss & Co. Announces the Sale of CanReg Inc.
Richmond, Virginia – Ewing Bemiss & Co. is pleased to announce the sale of CanReg Inc. (“CanReg”) to i3, a subsidiary of Ingenix, Inc. (“Ingenix”), a wholly-owned subsidiary of UnitedHealth Group (NYSE: UNH). Terms of the transaction were not disclosed. Ewing Bemiss & Co. acted as the exclusive financial advisor to CanReg in this transaction.
CanReg is a global regulatory consulting firm dedicated to strategic consulting and tactical regulatory services in the United States, Canada, and Europe. More than 100 in-house consultants and staff support pharmaceutical, biotechnology, medical device, and diagnostics clients at all stages of regulatory approval, from investigational products through registration and post-approval world-wide. CanReg provides unique customized guidance, education, and training to companies of all sizes within the global regulatory market. More information about CanReg can be obtained at www.canreginc.com.
i3 takes a 360-degree view of healthcare to help its global pharmaceutical, biotechnology, and medical device customers bring safe and effective products to market quickly and help demonstrate their value, leading to increased ROI and better patient care. i3’s integrated businesses combine a deep understanding of data and methodologies; therapeutic, scientific, and functional proficiency; and the expertise to help design research that demonstrates a product’s value, and helps achieve market access and assure reimbursement. More information about i3 can be obtained at www.i3global.com.
Ewing Bemiss & Co. is an investment bank focused on delivering superior service and optimal results to middle market companies. Founded in 1992, Ewing Bemiss & Co.’s core services include merger and acquisition advisory, private capital formation, financial restructuring and strategic advisory. Ewing Bemiss & Co. provides extensive transaction experience and a strong relationship orientation to clients and is widely recognized for in-depth sector knowledge and expertise in several industries, including Healthcare, Alternative/Renewable Energy and Environmental Services, and Business & Technology Services.
For more information, please visit www.ewingbemiss.com, or contact James Gilmore.