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Farlie Turner Completes Sale of Leading Life Sciences IT Business

By: Farlie Turner - Date: 01/06/2016

FORT LAUDERDALE, Fla. January 6, 2016 – Fort Lauderdale-based investment banking firm, Farlie Turner & Co., is pleased to announce the sale of Qforma, Inc. (“Qforma”), a portfolio company of BelHealth Investment Partners, to Qpharma, Inc. Based in Morris Plains, New Jersey, Qforma provides an array of life sciences solutions that include healthcare analytics, predictive modeling, and product launch services. The majority of the company’s assets were acquired by Veeva Systems (NASDAQ: VEEV) in April of 2015, and the most recent transaction involved the sale of the company’s remaining assets. Farlie Turner served as financial advisor to Qforma.

Founded in 1994, QPharma provides a suite of solutions to the life sciences industry. The company’s Professional Services division includes validation services, project management, auditing, and training, while the Commercial Services division provides solutions that include aggregate spend reporting, sample accountability, online training, fulfillment, and brand sales/marketing support. The acquisition of Qforma will enhance recent additions to its solutions, including key opinion leader identification, influence mapping, and analytics.

Chris Calton, Managing Director and head of Farlie Turner’s healthcare advisory practice, led the transaction, which closed on December 21, 2015. Mr. Calton commented, “We are excited to be part of the sale of Qforma and believe it provides a great outcome for all parties. This transaction is a reflection of the strong merger and acquisition activity in the healthcare IT sector and healthcare market, in general. In light of the ongoing healthcare reform in the U.S., we are enthusiastic about the volume of deal activity going forward and the opportunities that it presents for our firm.”

About Farlie Turner
Farlie, Turner & Co., LLC, and its affiliate Bayshore Partners, LLC, a broker-dealer registered with FINRA, provide merger and acquisition, private placement and financial advisory services to middle market companies. Please visit www.farlieturner.com for more information.

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