inVentiv Health Buys PharmaNet Development Group

Clinical consulting and commercial services firm inVentiv Health, which is backed by Thomas H. Lee Partners and Liberty Lane Partners, said that it will acquire drug development services firm PharmaNet Development Group. Terms of the deal were kept under wraps. BofA Merrill Lynch, Citi and Jefferies Finance provided financing commitments to inVentiv Health to support the transaction.

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