Deloitte Corporate Finance LLC advises Health Management Resources Corporation in its collaboration with Merck
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CHARLOTTE, N.C., Feb. 20, 2014 — Deloitte Corporate Finance LLC (“DCF”) acted as the exclusive financial advisor to Health Management Resources Corporation (“HMR”) in a collaboration with Merck & Co., Inc. (“MRK”).
Announced previously in a Dec. 20, 2013 press release from Merck, the collaboration resulted in the “launch of a new business focused on providing comprehensive, evidence-based weight management interventions for employers, hospitals, medical groups, health plans and patients. To bring these interventions to the market more effectively, a new organization has been created called HMR Weight Management Services Corporation, which brings together the capabilities of Merck and some of the assets of HMR, a leader in medical weight management. HMR Weight Management Services Corporation will operate as a subsidiary of Merck. HMR will continue to operate as an independent organization and will provide key support to HMR Weight Management Services Corporation.”
“DCF’s industry experience truly added value throughout the process. The team’s long-term commitment to HMR and our goals as a company enabled us to achieve an outstanding outcome. DCF’s experience and understanding of strategic opportunities involving privately-held businesses was instrumental in completing this transaction,” said Dr. Lawrence Stifler, founder of HMR.
“HMR’s customer service, weight management products and dedication to tracking patient data have helped to establish the company as a leader in medical weight management. Merck intends to leverage the combined capabilities of its business and HMR to expand the operations of HMR Weight Management Services Corporation by tapping international markets and delivering products and services through new channels,” said Dave Vorhoff, managing director, Deloitte Corporate Finance LLC, and co-head of its life sciences and healthcare group.
About Health Management Resources Corporation
HMR is a leader in medical weight management programs and related products. The business provides its programs and products through two main channels – a network of licensed clinics in major medical and academic centers, and through a remote delivery program called Healthy Solutions® At Home.
Today's Merck is a global healthcare leader working to help the world be well. Merck is known as MSD outside the United States and Canada. Through its prescription medicines, vaccines, biologic therapies, and consumer care and animal health products, Merck works with customers and operates in more than 140 countries to deliver innovative health solutions. Merck also demonstrates its commitment to increasing access to healthcare through far-reaching policies, programs and partnerships. For more information, visit www.merck.com.
About Deloitte Corporate Finance LLC
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Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.