New York, NY, October 9, 2023 – Health & Wellness Partners Group, LLC (“HWP”), a portfolio company of NMS Capital (“NMS”), announced today that it has acquired Hybrid Healthcare Communications, LLC (“Hybrid”). Terms of the transaction were not disclosed.
Founded in 2006 and based in Eatontown, NJ, Hybrid brings medical content to life with customized, interactive engagement solutions including live and virtual meetings, animations, websites, digital platforms, videos and immersive VR and AR. Hybrid supports life science companies across a multitude of therapeutic areas and disease states, from early discovery through patent expiry.
The increased complexity of drug development, ever changing regulatory environment and rapidly evolving technology landscape have driven an increased reliance on external partners to assist in the pharma commercialization process. Outsourced medical communications providers often play a critical role in the development and dissemination of high-quality scientific content to key stakeholders—patients, providers, and payers. Through HWP’s vast network of experts and in-house medical/scientific talent and Hybrid’s proven expertise in state-of-the-art digital and interactive media, the combined entity is even better positioned to serve as a strategic partner to pharma and biotech companies as they look to educate and engage the market.
Jani Hegarty, Founder and Chief Executive Officer at HWP, commented: “With today’s acquisition, we can seamlessly offer our clients the best of both worlds—outstanding educational content paired with innovative digital and interactive dissemination vehicles to drive engagement and behavior change.”
Hybrid president and partner Jay Romano added, “We couldn’t be more excited to join forces with HWP, to bring our clients the latest digital and interactive solutions paired with medical content that’s second to none. This is a complete win-win for existing and new clients of both HWP and Hybrid.”
Luis Gonzalez, NMS Partner, added, “Hybrid’s reputation for innovative engagement solutions is a great strategic complement to HWP’s depth of medical expertise. Both companies have a proven commitment to client service and execution excellence. This partnership will further enhance their ability to provide differentiated strategies and solutions to biopharma companies as they navigate this dynamic environment.”
McDermott Will & Emery, LLP provided legal counsel and Clearsight Advisors, Inc. served as financial advisor to HWP and NMS. Oxford Finance provided debt financing to support the transaction.
About Health & Wellness Partners:
Founded in 2005 and headquartered in Upper Saddle River, NJ, with an additional office in San Diego, CA, HWP is a leading provider of integrated medical communications services, supporting life science companies by educating stakeholders on their products from discovery through loss of exclusivity. For additional information on HWP, please visit www.thehwpgroup.com.
About NMS Capital:
Founded in 2010, NMS Capital is an experienced private equity firm managing assets in excess of $1.5 billion. Since inception, NMS has partnered with management teams in over 115 investments and follow-on acquisitions across defined investment themes within the Business Services and Healthcare Services industries. The firm’s principal strategy is to create long-term value by providing strategic and operational resources to growth-oriented companies led by founders or experienced management teams. NMS has a track record of successfully building industry leading lower middle market companies in defensible and scalable end markets by accelerating organic and acquisition-driven growth.
For additional information on NMS, please visit the firm’s website at www.nms-capital.com. Follow NMS Capital on www.linkedin.com/company/nms-capital.
For further information:
Jonathan Spero
Vice President
NMS Capital
212.574.7014
jspero@nms-capital.com
Julie Jackson
Senior Associate
NMS Capital
212.574.7001
jjackson@nms-capital.com