Merck Global Health Innovation Fund acquires controlling interest in investee company Physicians Interactive.
Global Health Innovation Fund LLC, the corporate venture capital investment affiliate of US-based healthcare company Merck, has acquired a controlling interest in Physicians Interactive (PI), a US-based provider of online and mobile clinical resources and solutions, from merchant bank and private equity fund management company Perseus,
Financial terms of the deal were not disclosed.
Previously, in January 2012, Merck Global Health Innovation Fund agreed to invest up to $17m in PI: the financing included an initial investment of $8.5m and…
