Private equity firm to buy inVentiv Health for $1.1B

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Private equity firm Thomas H. Lee Partners will acquire services provider InVentiv Health for approximately $1.1 billion, the two companies announced May 6.

The deal is expected to close by this year's third quarter, the firms said in a statement.

InVentiv offers clinical, sales, marketing and communications services. It has clients in the pharmaceutical, life sciences, and healthcare sectors.

An InVentiv representative could not be immediately reached for comment. A spokesperson for Thomas H. Lee Partners declined comment.

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