Solvias Completes Agreement with Water Street and JLL Partners to Advance Expansion
Solvias announced that it has completed an agreement with strategic health care investors, Water Street Healthcare Partners and JLL Partners, to fully acquire and invest in growing Solvias. The agreement is the next step in its expansion focused on building the company into a global leader of high-quality pharmaceutical laboratory services.
Solvias will engage Water Street and JLL's industry expertise and network of resources to extend the company's capabilities into new and complementary areas and expand its global reach. The company also announced today that the health care firms helped recruit two seasoned pharmaceutical services executives to join its board of directors. It has appointed Michael J. Lehmann and Mario L. Rocci, Jr., PhD to join Karen J. Huebscher, PhD, chief executive officer and director of Solvias, on the company's board.
Dr. Huebscher said, "Since Solvias' founding, we have continuously innovated and expanded our platform of testing, specialized pharmaceutical manufacturing products, analytical kits and services to offer our customers the highest level of scientific expertise and technical capabilities. These newest initiatives support our goal of bringing greater value to our customers and positioning Solvias at the forefront of our industry."
"Solvias is highly regarded for its outstanding quality of work, scientific expertise and commitment to continuous innovation. Its work is critical to supporting organizations with bringing important, life-saving products to market. I'm honored to work with Karen and her team to support their goal of building Solvias into a global industry leader," said Mr. Lehmann.
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