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Adecco acquisition yields platform for US life sciences presence

September 14, 2017

The Adecco Group, the world’s largest staffing firm, acquired BioBridges, a Boston-based firm providing integrated clinical development services, including personnel, to the life sciences sector. The transaction strengthens the Adecco Group’s professional solutions footprint and establishes a US platform for the its global life sciences presence.

Founded in 2005 and headquartered outside Boston, BioBridges places highly skilled professionals who have extensive experience in the biotech, pharmaceutical and medical device industries. The company makes about 250 to 300 placements annually and expects approximately $35 million in revenue in 2017.

The deal closed Sept. 8 but was announced Tuesday night. Transaction terms were not disclosed.

BioBridges will maintain its brand and headquarters location. It will be led by David Alexander, president of the Adecco Group’s North America finance, office and healthcare businesses. Jason Falchuk, founding partner and president of BioBridges, will remain in his current role following the acquisition. Jeff Souza, currently CEO of BioBridges, will assume the new role of senior VP of client services. Cindy Steinberg, founding partner, will continue as a consultant to the company through the transition.

“There’s a very clear and growing demand for experienced professionals in the life sciences community, and likewise, an increased movement for professionals to define a career focused on accomplishing the work they are passionate about,” Falchuk said. “As a part of the Adecco Group, BioBridges will have access to global resources that will allow us to innovate and progress alongside the exceptional businesses and professionals that inspire us to come to work every day.”