Nautic Buys Omnicare Clinical Research

Omnicare Clinical Research has been acquired by Nautic Partners, LLC, a private equity firm based in Providence, R.I.

Nautic Partners, LLC, a private equity firm based in Providence, RI, has acquired Omnicare Clinical Research (CR) from its parent company, Omnicare, Inc. With added support from Nautic, Omnicare CR has a two-year plan to advance the company and anticipates added growth among its specialized business units including early phase, Phase II/III, late phase, medical device, technical services and pharmaceutics.

"Our new affiliation with Nautic is very exciting for all of us at Omnicare CR. This marks a new era for our business that will provide us the ability to more efficiently make vital, strategic decisions, placing us in control of our own destiny,” said Dr. James M. Pusey, president and chief executive officer of Omnicare CR. “The group in the best position to benefit from this reorganization is our current and future customer base. With our renewed strength, Om