KIRKLAND, WASHINGTON - August 19, 1999 - Radiant Research, a leading Site
Management Organizations (SMO), announced today that it has completed the
acquisition of the Center for Clinical Research - Austin, Texas (CCR).
CCR, comprised of three separate research facilities conducting Phase I-IV
clinical investigations, is one of the largest multi-specialty clinical
research centers in the United States. The research facilities are
directed by Marshall R. Sack, M.D., a nationally respected leading
research investigator. Dr. Sack is board certified in internal medicine
and rheumatology and has been conducting multi-specialty clinical research
since 1986.
Prior to the acquisition, CCR operated as a separate division of The
Austin Diagnostic Clinic, a 140 physician multi-specialty clinic. CCR has
successfully executed over 500 clinical trials in a wide variety of
therapeutic areas. The CCR acquisition reflects Radiant's continued
strategy of aggressive growth through a combination of acquisitions,
greenfield site development and same-site growth.
"Joining Radiant Research provides us with a significant opportunity
in the rapidly evolving clinical trials industry," commented Marshall
Sack, M.D., Medical Director of the Center for Clinical Research - Austin.
"We are now part of an outstanding group of clinical research
investigators, where individual growth is fostered. It was also of crucial
importance in our decision that we can place a high degree of trust and
confidence in the competence and professionalism of the Radiant Leadership Team."
The CEO of The Austin Diagnostic Clinic, Robert Spurck, Jr., commented:
"CCR is now integrated within an organization specializing
exclusively in clinical research. This will allow CCR to rapidly expand
its clinical research capabilities to all specialties residing within The
Austin Diagnostic Clinic. Our physicians are very excited about the
continued growth opportunities for them in the area of clinical
research."
"We are very excited to have added a research site of the size and
prestige of CCR," stated Michael K. Lester, President and CEO of
Radiant Research. "The decision of Dr. Sack and The Austin Diagnostic
Clinic to have CCR join Radiant is reflective of our reputation as a
company of leading clinical investigators with a proven track record of
outperforming industry expectations."
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About Radiant Research
Based near Seattle, Washington, Radiant Research (radiantresearch.com) is a comprehensive clinical research and development company serving the biopharmaceutical and medical device industry. Radiant is comprised of more than 30 wholly-owned premier clinical research centers nationwide, employing over 500 clinical research professionals exclusively focused on providing professional, high quality study conduct and drug development services. In the past four years, Radiant has conducted more than 8,000 clinical trials across 18 therapeutic specialties.
| Contact: |
|
Michael K. Lester
Chief Executive Officer
RADIANT RESEARCH
(425) 468-6200 |
Pamela M. Spaniac
Chief Financial Officer
RADIANT RESEARCH
(425) 468-6200 |