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Clario

American technology company


American technology company

FieldValue
nameCLARIO
typePrivate
genre
foundation
defunct
location_cityPhiladelphia
location_countryU.S.
key_peopleChristopher Fikry, M.D.(CEO)
industryHealthcare
Clinical Research
Pharmaceutical Service
Medical Technology
revenue$350 million to $400 million (USD) per year
aum
ownerPrivately Owned
num_employees1001 to 5000 employees (2024)
website

Clinical Research Pharmaceutical Service Medical Technology CLARIO, formerly ERT and Bioclinica, is a technology company specializing in clinical services and customizable medical devices to biopharmaceutical and healthcare organizations. It offers centralized cardiac safety and respiratory efficacy services in drug development and also collects, analyzes and distributes electronic patient-reported outcomes (ePRO) in multiple modalities across all phases of clinical research.

History

In 2008, ERT acquired Biosigna, a Munich-based company, which specialized in biomedical signal processing.

In 2009, ERT ended its foray into the electronic data capture (EDC) business as ERT sold its EDC division for approximately $2.025 million of OmniComm shares.

In 2010, ERT acquired the Research Services Division of the CareFusion Corporation. This nearly doubled the company in size and brought a new service line and enhancements to its two current service offerings; Respiratory Services, specializing in centralized spirometry, Multi-Mode ePRO for patient reported outcomes, and enhanced Cardiac Safety Solutions. Along with the acquisition, ERT now has the capability to design and construct their own clinical diagnostic devices from a manufacturing facility in Estenfeld, Germany.

In 2010, the then-current CEO of ERT was replaced on an interim basis by Joel Morganroth, M.D.

In 2011, Jeffrey S. Litwin, M.D. was appointed ERT's new president and chief executive officer. Litwin joined ERT in 2000 as senior vice president and chief medical officer and was subsequently promoted in December 2005 to executive vice president and chief medical officer. Dr. Litwin oversaw ERT's global cardiac safety operations for seven years.

On July 3, 2012, ERT announced that Genstar Capital LLC of San Francisco acquired ERT in a take-private transaction valued at approximately $400 million.

In November 2014, ERT acquired eClinical Insights (eCI), a provider of cloud-based clinical trials management software.

On February 27, 2015, ERT acquired PHT Corporation (PHT).

In March 2016, ERT was acquired by Nordic Capital, a private healthcare investment firm for about $1.8 billion.

In December 2016, ERT acquired Exco InTouch, a provider of patient engagement, data capture and digital health solutions.

In May 2017, ERT acquired ImageIQ, clinical trial biomedical imaging and analysis company.

In September 2017, ERT acquired Biomedical Systems (BMS), a provider of imaging as well as cardiac safety and respiratory data collection solutions.

In December 2017, ERT acquired iCardiac Technologies, a global provider of centralized cardiac safety, respiratory, and electronic clinical outcome assessment (eCOA) solutions that accelerate clinical research.

In June 2020, ERT acquired APDM Wearable Technologies, a next-generation provider of wearables and digital biomarkers.

In December 2020, ERT announced a merger with Bioclinica, a global clinical trial end-point solutions company, with Joe Eazor to be its head. In November 2021, following the merger, the company renamed itself to Clario.

In April 2024, it was announced Clario had acquired the Leuven, Belgium-headquartered AI medical technology company, ArtiQ.

In October 2025, Thermo Fisher Scientific announced a deal to acquire Clario for $8.88 billion in cash from a shareholder group including Novo Holding. The transaction was expected to close mid-2026.

References

References

  1. (1 July 2022). "New Clario CEO, Christopher Fikry, M.D., to lead company through next phase of growth and innovation".
  2. (3 November 2021). "ERT and Bioclinica become Clario".
  3. "ERT Milestones".
  4. (2009-06-24). "OmniComm buys eResearch Technology's data capture unit".
  5. "You searched for 43".
  6. (21 December 2010). "ERT | ERT Announces the Appointment of Joel Morganroth, MD as Interim CEO".
  7. (29 January 2018). "Ringling College receives record-breaking $15 million gift | Arts and Entertainment".
  8. "Ringling College Receives Landmark Gift, Endowment for VR Department Head - SRQ Daily Jan 30, 2018".
  9. (6 November 2014). "ERT Announces Acquisition of eClinical Insights".
  10. (11 May 2015). "ERT Completes Acquisition of PHT Corporation".
  11. "Nordic Capital Fund VIII and Novo A/S announce the closing of the acquisition of ERT | Nordic Capital".
  12. (9 May 2017). "ERT Acquires Imaging Solution from Cleveland Clinic".
  13. (8 September 2017). "ERT Acquires Biomedical Systems".
  14. (4 December 2017). "ERT Acquires iCardiac Technologies".
  15. "ERT Acquires Wearable Technology Specialist".
  16. (3 November 2021). "ERT and Bioclinica become Clario".
  17. Nunwick, Alice. (2024-04-03). "Clario acquires ArtiQ AI for clinical trials".
  18. Marchese, Adriano. (2025-10-29). "Thermo Fisher Scientific Agrees to Buy Clario Holdings for $8.88 Billion".
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