By Kevin McCauley
Chime Communications has acquired healthcare specialist Reynolds-MacKenzie for an initial payment $4M, a package of $2.5M cash and stock.
R-M says it generated $2.4M in revenues last year and earned an operating profit of $1.2M.
It’s the firm of Alison MacKenzie and Eva Reynolds, the duo counsels clients such as Pfizer, Amgen, Bristol-Myers Squibb, Roche and Medtronic. Their operation will be part of Chime’s OPEN Health group that was formed in January.
The acquisition could cost Chime up to $11M based on R-M’s performance. Lord Bell’s operation retains the right to pay up to a quarter of that contingent comp in newly issued shares.
Chime is parent of Bell Pottinger. |