Investment consortium nears $7 bln-plus deal for Syneos Health -sources

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Investment consortium nears $7 bln-plus deal for Syneos Health -sources
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A consortium comprising Elliott Investment Management, Patient Square Capital and Veritas Capital is nearing a deal to acquire Syneos Health Inc , a provider of clinical research to drug developers, for more than $7 billion, including debt, people familiar with the matter said.

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, a provider of clinical research to drug developers, for more than $7 billion, including debt, people familiar with the matter said.

The sources said the deal could be announced as early as Wednesday and requested anonymity because the matter is confidential. Syneos, which carries a debt pile of nearly $3 billion, was created in 2017 by INC Research Holdings Inc's acquisition of inVentiv Health Inc for $7.4 billion, including debt.

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