On Assignment acquires StratAcuity Staffing Partners
California-based On Assignment, Inc. has acquired StratAcuity Staffing Partners, Inc., a provider of specialized clinical/scientific staffing solutions for biotechnology and pharmaceutical organisations.
StratAcuity supports clients in the greater Boston area with contract, permanent placement and managed services solutions. The company was founded in 2001 by Robert Patten and Patrick Marshall, and has enjoyed 16 years of steady growth, with $16m in revenues for 2016. This acquisition enables On Assignment to build upon its presence in its life sciences staffing vertical and provides it with a great opportunity to strengthen its clinical research offerings to its clients.
On Assignment further announced that it is proposing, subject to market and other conditions, to reprice its existing Term B credit facility. There can be no assurances about the timing or terms of the planned repricing, or that the repricing will occur at all.
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