Highlander Partners Portfolio Company, Signal Path, acquired by Verily |
SOUTH SAN FRANCISCO, California & RALEIGH, North Carolina, August 31, 2021 / PRNewswire / – SignalPath, a Raleigh North CarolinaThe Highlander Partners-based holding company was acquired by Verily, an Alphabet company. SignalPath was founded in 2014 with financial support from Highlander Partners to change the way clinical research is conducted, with a focus on building a cutting-edge software platform to improve the ease and efficiency of performing clinical research trials. sites.
SignalPath’s platform reduces fragmentation by providing a modern and intuitive software application to optimize the management of a healthcare system’s clinical trial portfolio. SignalPath’s robust technology infrastructure offers new solutions for partners that can dramatically improve the costs, complexities, and time associated with clinical trials. By joining Verily, SignalPath will be able to provide clinical research sites with access to a rapidly growing portfolio of resources, tools and testing opportunities that further strengthen its value proposition.
âAt SignalPath, we’ve created a better research ecosystem – an ecosystem that combines a network of leading technology-based research sites with a suite of industry-leading clinical trial tools to solve the problems faced by patients, sites and sponsors. ,” noted Brad hirsch, MD, Senior Advisor of Highlander Partners and Co-Founder and CEO of SignalPath. âCombining these capabilities with Verily’s clinical study platform activities accelerates our ability to scale these solutions forward and make them available to more sites, while providing whole new opportunities. to our network. This is another step forward to speed up clinical research and help get treatments to market faster.
SignalPath employees will join Verily as part of Verily’s clinical research activity upon closing. They will maintain their physical presence in Raleigh, increasing Verily’s geographic footprint with this new location at North Carolina.
Launched in 2015, Verily is an Alphabet subsidiary focused on life sciences and health. Verily’s mission is to make global health data useful so people can lead healthier lives. Verily develops tools and devices to collect, organize and activate health data, and creates interventions to prevent and manage disease. Verily partners with leading government, medical device and life science organizations, using deep expertise in hardware, software, science and healthcare to enable faster development, significant advances and large-scale deployment. For more information, please visit verily.com.
SignalPath was founded by Brad hirsch, MD and Kevin monroe in 2014 to develop solutions to many of the challenges facing modern clinical trial management at research sites with the goal of subsequently strengthening a network of technology sites to further advance the way clinical research is conducted. The Company’s Clinical Trials Management System (CTMS) was designed by researchers, for researchers, to dramatically improve the ease, quality, efficiency and cost-effectiveness of trial execution. SignalPath CTMS digitizes protocols for clients, removing a significant barrier to use, ensuring quality trial execution, improving efficiency, and allowing site staff to focus on patients. The SignalPath Research Consortium (SPARC) is made up of the best clinical research sites, chosen for their people, processes and backgrounds. Thanks to a mix of technological solutions, training, community offerings and organized trials, SPARC sites and sponsors are able to come together to significantly outperform their competitors.
About Highlander Partners
Highlander Partners, LP is a Dallasprivate investment company with more than $ 2 billion assets under management. The company focuses on making investments in companies in targeted sectors in which company executives have significant operating and investment experience. Highlander Partners uses a buy and build investment approach, creating value by helping businesses grow organically and through acquisitions. For more information, visit www.highlander-partners.com.
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SOURCE Highlander Partners, LP