 Paul Taaffe |
Britain's Huntsworth today announced the acquisition of a 90.2 percent stake in Giant Creative Holdings healthcare marketing communications from Shamrock Capital Growth Fund for $72.2M in cash.
San Francisco-based Giant Creative Strategy's 150 staffers serve clients in the biopharmaceutical, medical device and diagnostics sectors.
The firm recorded $32M in 2017 revenues and $7M in profit (EBITDA).
GCS CEO Steven Gold, president Adam Gelling and senior management own the remaining 9.8 percent stake of the firm. Huntsworth may spend up to $25M to purchase the management stock based on GCS' earnings performance.
Huntsworth CEO Paul Taaffe said the GCS deal adds scale in healthcare professional marketing especially in the fast growth biotech sector. “This expansion of Huntsworth makes it an even more compelling alternative to the large holding company networks,” he said.
Jeff Smokler, former president at healthcare specialist imre, joins Washington-based Avoq to head its PA practice.
Supreme Group, healthcare marketing and communications platform, has merged its Amendola Communications (Fountain Hills, AZ) and Health+Commerce (Newport Beach, CA) units to form Supreme Communications, a full-service PR shop, under Ketchum alum Nicky Battle.
Even as technology changes the rules of engagement, digital health brands still control the most powerful tool they have—their story.
Havilah Clarke, head of marketing and communications at the Huntsman Mental Health Foundation and Institute, has joined Purposeful Advisors as a managing director.
