Transaction

Clearwater advises Source Health Economics on its sale to Waterland-backed SCIRIS

Transaction

Source Health Economics sold to Waterland-backed SCIRIS

Sell-side

Undisclosed

Role

Adviser to Source Health Economics on its sale to Waterland-backed SCIRIS

Sector

Healthcare

Region

United Kingdom

Clearwater has advised Source Health Economics (Source), an agency specialising in Health Economics and Outcomes Research (HEOR), on its sale to Waterland-backed SCIRIS.

Founded in 2016, Source is a team of specialists in health technology assessment, health economics, statistics, medical writing, systematic review, and meta-analysis. The business currently has 33 employees and offices in London and Oxford. Source’s clients include many of the top ten pharmaceutical companies worldwide.

Backed by Waterland, SCIRIS already employs over 300 people across the UK and North America. With a mission to deliver intelligent solutions, inspired by science, it brings together people for exceptional communications and consultancy services, providing bespoke programmes in healthcare communications, creative and brand strategy, market access, medical compliance, and insights.

Healthcare data

This is a very exciting next step for Source. We’re looking forward to working as part of a company that has shared people-centric ethos and benefiting from the collective wisdom and collaboration that SCIRIS provides.

Juliet Mumby-Croft, Co-Founder and Joint Managing Director, Source Health
Healthcare data

Becoming part of SCIRIS will have significant benefits as we continue to grow our business. It opens up lots of exciting possibilities to collaborate with new partners in order to achieve what has always been our mission: to achieve the best possible outcome for patients and clients.

David Trueman, Co-Founder and Joint Managing Director, Source Health

I am hugely excited that Source is joining the SCIRIS family. They have built a great business, have a strong client base and a fantastic reputation for scientific expertise and rigour and importantly for us, have a leadership team that puts people first. As SCIRIS we pride ourselves on making the connections that help our global clients achieve success across all phases of brand development and the high quality HEOR service that Source provides, strengthens our ability to do just that.

Isaac Batley, CEO of SCIRIS

We are delighted to have advised Source on its sale to SCIRIS. Through Waterland and SCIRIS’ backing, we are confident that the business will continue to go from strength to strength. We would like to wish the team all the best as it enters this next, exciting stage of growth.

Hemavli Bali, Director, Clearwater

Advisers

Transactions