Strategic Financial Sponsor to Support Continued Growth and Capability Expansion
RALEIGH, N.C. & ATLANTA–(BUSINESS WIRE)–QHP Capital, L.P. (“QHP”), the management company for NovaQuest Private Equity, today announced the acquisition of AutoCruitment, LLC (“AutoCruitment” or the “Company”), a leader in digital patient recruitment.
Since 2013, AutoCruitment has helped pharma companies, biotechs, and clinical research organizations (“CROs”) in identifying, screening and recruiting patients to participate in clinical research across a wide range of therapeutic areas. By streamlining the patient recruitment process with digital and automated screening technology, AutoCruitment helps accelerate the commercialization of safe, effective new treatments for devastating diseases and conditions.
“For the past decade, our patient-centric platform has empowered people to engage in the clinical research process. We have helped our clients accelerate their studies across numerous therapeutic areas while advancing our mission of making clinical trials accessible to everyone,” said Bethany Bray, Co-Founder and CEO of AutoCruitment. “We explored many different partners to help accelerate our vision and QHP Capital is clearly the best fit for AutoCruitment. QHP brings a unique strategic network, deep industry knowledge, and is a terrific cultural fit.”
“Successful and timely patient recruitment is one of the biggest challenges preventing the advancement of new therapies to market,” said Matt Jenkins and Michael Sorensen, Partners at QHP Capital. “AutoCruitment fits perfectly with QHP’s investment focus of providing strategic capital to firms capable of scaling to meet the needs of the industry. We look forward to supporting the AutoCruitment team as they continue to innovate the science of patient recruitment as a market leader.”
About AutoCruitment:
AutoCruitment offers an online patient screening platform intended to recruit qualified patients for clinical trials and research studies. The company’s platform offers algorithms and business logic to transform the time-consuming task of recruiting quality volunteers to participate in clinical trials, enabling clients to increase patient acquisition for specialty procedures and clinical trials in all therapeutic areas. For more information, please visit www.autocruitment.com.
About QHP Capital:
QHP Capital is a leading investor in technology and services companies in the life sciences and healthcare sectors. QHP Capital spun out of NovaQuest Capital Management, which was formed in 2000 with the vision of building an investment platform to provide strategic capital and industry expertise in partnership with strong management teams. The investment team consists of seasoned investment and operational professionals with significant investment experience and deep life science and healthcare expertise. QHP benefits from an extensive network of industry experts and relationships that assist in identifying, analyzing, and growing QHP’s portfolio companies. QHP continues as the investment manager for NovaQuest Private Equity funds. For more information, please visit www.qhpcapital.com.
Contacts
For further information about AutoCruitment, please contact:
Bethany Bray MRes MBA
CEO
AutoCruitment
(404) 334-3689
[email protected]
For media inquiries, please contact:
Jeremy Milner
BackBay Communications
(401) 862-9422
[email protected]
