Print
Health Care

Wilmington-based Chiltern Acquires Another Global CRO

By Jenny Callison, posted Sep 16, 2015
A global contract research organization based partially in Wilmington has expanded its scope and reach through the acquisition of another global CRO whose headquarters is in King of Prussia, Pennsylvania.

Chiltern has completed the purchase of Theorem Clinical Research, according to a news release earlier this week. Theorem, with particular strengths in the areas of oncology, biopharma and source (talent recruitment and placement), has more than 30 locations globally, Chiltern spokeswoman Lea Studer said Tuesday.

The companies did not disclose financial terms of the deal.

“By bringing Chiltern and Theorem together, we have created a unique, mid-sized research partner focused on providing exceptional scientific expertise and personal service,” Chiltern CEO Jim Esinhart said in the release. “Clients can expect the same high level of service, now with expanded capabilities. Senior leadership will still be involved in running trials.”

The newly merged company, which will operate under the Chiltern name, now consists of 3,700 employees across 47 countries, with a “much bigger footprint” in Europe, North America and Asia-Pacific, Studer said. Chiltern now has broader therapeutic expertise, with new capabilities in medical device and diagnostics, clinical analytics and clinical supplies, she added.

The merger of the two companies will be a good fit, said Theorem's president and CEO in the August news release announcing the deal.

“Chiltern and Theorem have carved out complementary niches, even across key geographies,” John Potthoff said in the news release announcing the deal. “In key areas, our capabilities will dovetail into current Chiltern operations — this is a mutually beneficial deal.”

Chiltern’s North American headquarters is at 2528 Independence Blvd. in Wilmington. Its global headquarters is in London.
 
Ico insights

INSIGHTS

SPONSORS' CONTENT
Web awstaffpic2020 1 132245438

The 2024 Luncheon for Literacy featuring Special Guest Jason Mott

Alesha Edison Westbrook - Cape Fear Literacy Council
Tommytaylor ceo unitedway

How Philanthropy Fits Into Your Financial Plan

Tommy Taylor - United Way
Chris coudriet

As the Weather Warms, New Hanover County Remains Committed to Keeping Things Green

Chris Coudriet - New Hanover County Government

Trending News

City Club, Event Center On The Market For $7.5 Million

Emma Dill - Apr 16, 2024

Wilmington Tech Company Tapped For Federal Forestry Contract

Audrey Elsberry - Apr 15, 2024

Commercial Real Estate Firm Promotes Adams, Mitchell To Vice President Roles

Staff Reports - Apr 16, 2024

New Hanover Industrial Park To Get $3.3M In Incentives For Expansion, New Jobs

Emma Dill - Apr 15, 2024

Gravette Named Executive Director Of Nir Family YMCA

Staff Reports - Apr 16, 2024

In The Current Issue

Surf City Embarks On Park’s Construction

“Our little town, especially the mainland area, is growing by leaps and bounds. So having somewhere else besides the beach for kids to go an...


MADE: Makers Of Important Papers

W.R. Rayson is a family-owned manufacturer and converter of disposable paper products used in the dental, medical laboratory and beauty indu...


Funding A Food Oasis: Long-awaited Grocery Store Gains Momentum

With millions in committed funding from New Hanover County and the New Hanover Community Endowment, along with a land donation from the city...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season