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Cambridge Healthtech Institute Acquires Barnett International (PRXL) From PAREXEL International (PRXL)


4/3/2008 9:35:20 AM

NEEDHAM, MA--(MARKET WIRE)--Apr 3, 2008 -- Cambridge Healthtech Institute (CHI) of Needham, MA today announced the acquisition of Barnett International from PAREXEL International. Barnett is recognized as a leader in clinical education and training resources. This acquisition expands CHI's product portfolio to include Barnett's expansive list of seminars, webinars, training consulting and publications. In addition, CHI and Barnett will serve as publisher and distributor for PAREXEL's list of publications in the clinical and regulatory segment, including PAREXEL's Bio/Pharmaceutical R&D Statistical Sourcebook.

Cambridge Healthtech Institute (CHI) is the preeminent life science network for leading researchers and business experts from top pharmaceutical, biotech and academic organizations.

"This acquisition represents CHI's continued commitment to Life Sciences. The Barnett product portfolio is an ideal match for CHI and enables us to rapidly expand our offerings in the clinical and regulatory segment," said Phillips Kuhl, president, Cambridge Healthtech Institute. "Barnett International has a superior brand, reputation and proven track record of delivering quality and we look forward to expanding on their success."

Barnett International will join CHI's established product offerings, including over 100 Conferences, Insight Pharma Reports, Cambridge Media Group including Bio-It World magazine and Cambridge Meeting Planners. Kuhl explained: "Bringing these offerings together as one company increases CHI's depth in the marketplace as well as reinforces our position as 'Your Life Science Network.'"

Seven staff members will transfer to CHI and Needham, MA will become the headquarters of Barnett operations. They will join the over 100 CHI employees.

About Cambridge Healthtech Institute

Cambridge Healthtech Institute (CHI) is the preeminent life science network for leading researchers and business experts from top pharmaceutical, biotech and academic organizations. CHI's portfolio of products includes Cambridge Healthtech Institute Conferences, Insight Pharma Reports, Cambridge Marketing Consultants, Cambridge Meeting Planners and Cambridge Healthtech's Media Group, which includes numerous e-newsletters as well as Bio-IT World magazine.

Founded in 1992, Cambridge Healthtech Institute strives to develop quality information sources that provide valuable new insights and competing points of view while offering balanced coverage of the latest developments. Basic research related to commercial implications is covered, with heavy emphasis placed on end-user insights into new products and technology as well as coverage on the strategy behind the business.

About Barnett International

Founded in 1979, Barnett International is widely recognized for its superior consulting services and its targeted education and training programs. Barnett helps clients get the most out of their research and development dollars by managing change effectively, improving organizational performance, and enhancing staff knowledge. The Barnett approach is a unique combination of strategy development and practical, hands-on implementation. The "Barnett Difference" is evident in our deep understanding of the clinical research process and in the rapid and tangible performance improvements we deliver. We help pharmaceutical, biotechnology and medical device companies maximize the speed and quality of their product development efforts. With an international presence and with many staff members working from the client site for increased benefits, Barnett is able to apply a global expertise to its projects.

Our services include educational programs and products and consulting.

The source of our expertise:

-- Exclusively focused on the pharmaceutical/biopharmaceutical industry for more than 20 years -- A team of talented professionals (150+) with deep-rooted industry insight and expertise, click here (http://www.barnettinternational.com/bi-mgmt.cfm) to view our management team. -- An in-depth understanding of different cultures and unique organizations -- Experience working with major pharmaceutical companies around the world -- Global resources with offices in the US and Europe

About PAREXEL International

PAREXEL International is a leading global bio/pharmaceutical services organization, providing a broad range of knowledge-based contract research, medical communications and consulting services to the worldwide pharmaceutical, biotechnology and medical device industries.

Contact:

Media Contact: Cambridge Healthtech Institute Tracey Fielding Marketing Communications Manager 781-972-5429 Email Contact.

Source: Cambridge Healthtech Institute


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