Evolution Research Group

New Providence, New Jersey

Classification

Private

About

About

Evolution Research Group is a privately-held clinical research site company specializing in the execution of complex inpatient and outpatient clinical trials across various therapeutic areas. ERG's centralized operations encompass quality assurance, patient recruitment, budgeting, contracting, and technology integration, ensuring consistent excellence across its network of clinical sites. The organization boasts over 400 inpatient beds and a robust database of more than 215,000 patients, supported by a centralized recruitment and marketing team, local community outreach programs, and long-standing referral relationships. In addition to its clinical trial capabilities, ERG offers consulting services to pharmaceutical companies and contract research organizations (CROs). These services include access to key opinion leaders in various therapeutic areas, rater training, centralized data services, medical writing, study feasibility assessments, and site recommendations. Evolution Research Group was founded in 2014 by Lori Wright. Evolution Research Group headquarters are located in New Providence, New Jersey. Evolution Research Group was formerly known as Thievon-Wright Consulting Group.

Financials

Revenue & Profit

Revenue
Profit (N/A)

Valuation

Valuation

Ratios

Revenue / EBITDA
123 MM
Valuation / Revenue
123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

People

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee
--
Jane DoeEmployee
John DoeEmployee
John DoeEmployee

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

Deals

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

Funding

Keywords

Keywords

Classified

Private

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