Reno, NV — July 18, 2017 — Vander Group has finalized terms to sell Clinic Outlet, a medical solutions division specializing in consultation and custom solution design for healthcare businesses. The purchase agreement provides for the sale of the assets of Clinic Outlet, a division of Vander Group, including all technology and intellectual property, to James G. Maher, founder and former CEO of Terrain Pharmaceuticals.
“Having worked with Vander Group before I know first-hand the quality, detail and brain power they bring to all their brands, clients, products, and opportunities. Vander’s Healthcare division [Clinic Outlet] is a robust extension of their core service business and provides a healthy operational foundation, making it an ideal acquisition target for our team as we look ahead to building the next generation of great healthcare brands together.” stated Maher.
After careful deliberations and consultations with its advisors, Vander Group’s Board of Directors concluded that the transaction was in the best interest of its shareholders, customers, team members, and the customers Clinic Outlet serves.
When announcing the sell, Derek J. Sine, Vander Group’s Managing Director, stated “We are pleased to execute the sale of our Clinic Outlet division so that Vander Group can best serve its target markets — upcoming & mid-market brands … Given James’s successful track record with both products and services in the healthcare sector, along with his leadership qualities and vision for Clinic Outlet’s future, we are very pleased with the outcome and excited for the opportunities that lie ahead.”
Vander has not made additional details of the sale public, but the company did say they planned to provide contracted third party services to Clinic Outlet for the foreseeable future.
About Clinic Outlet
Clinic Outlet provides a vast network of experience and resources in service of healthcare companies to help them grow, launch, refine or diversify business opportunities.
Learn more at ClinicOutlet.com
About Vander Group
Vander is a leading end-to-end Global Commerce Solutions group. We accelerate the rate at which people and product connect and transform brands by redefining their customer experience and reshaping their omnichannel strategies. Our innovative approaches and methodologies integrate experience-driven creative, management, research, strategy, and technology.
Learn more at Vander.co