TEWKSBURY, Mass., Nov. 29, 2021 /PRNewswire/ — The MFA Companies® is pleased to announce that Modus Outcomes was recently acquired by THREAD, a leading technology and service provider enabling decentralized clinical trials.
MFA’s affiliate, MFA Capital Advisors, was the exclusive financial advisor providing consulting and advisory services to Modus, and the transaction was facilitated by MFA Securities (also an affiliate of MFA). Terms of the transaction were not disclosed.
Modus Outcomes is a research consultancy providing services to measure the benefit and clinical values of medical products using clinical outcome assessments (COAs). THREAD is a decentralized clinical trial (DCT) platform committed to revolutionizing clinical research by enabling pharma and CRO customers to conduct decentralized studies from a single technology platform.
Modus Outcomes’ Chief Scientific Officer and Founding Partner Stefan Cano said: “In an industry where accuracy and diligence are so highly regarded, we knew we needed an advisor that could meet the highest of expectations, and that’s who we found in MFA. Their sensitivity, patience and expertise were critical to the success of our acquisition. We couldn’t have asked for a better team to guide us through this journey.”
“There was significant complexity associated with Modus’s transaction – particularly given the international nature of the business,” said Laura Moruzzi, Partner at MFA Capital Advisors. “But when we found THREAD, it felt like a perfect match. We’re grateful to have played a role in bringing these two companies together and look forward to watching them work in lockstep to drive the evolution of clinical trials in the modern world.”
About The MFA Companies®
The MFA Companies is a national business consulting and financial advisory firm serving high-growth, entrepreneurial organizations and individuals. MFA Capital Advisors, LLC is an M&A advisory services firm that encompasses a full range of corporate finance matters including, but not limited to, mergers and acquisitions, reorganizations, recapitalizations, stock repurchases, bank financing, strategic alternatives and general corporate advisory on related matters. MFA Securities, LLC, a FINRA member broker-dealer, provides merger and acquisition (M&A) business advisory services and transaction services to unaffiliated private companies. For more information regarding The MFA Companies, visit www.themfacompanies.com.
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SOURCE The MFA Companies