Equity Firm Buys InCrowd and SHG Parent Apollo

In the US, healthcare-focused private equity firm Frazier has acquired Apollo Intelligence, which provides data and insights to the healthcare and life science industries. Terms of the deal have not been disclosed.

Investment firm Saroras Private Capital founded Apollo in 2019 after acquiring market intelligence firm InCrowd and healthcare data collection and custom survey solutions provider SHG (Survey Healthcare Global).

As part of the deal, Frazier Executive in Residence Vivek Sharma will join Apollo as Executive Chairman on the Board of Directors. Sharma most recently served as CEO of healthcare-focused research and data provider Decision Resources Group (acquired by insights and data firm Clarivate Analytics in 2020). In addition, Frazier Center of Excellence Partner Ken McLaren will play a role in developing and executing Apollo's growth strategy, tapping into his prior experiences as SVP of Data Analytics and Insights at Clarivate and Chief Strategy Officer at DRG.

Apollo CEO Daniel Fitzgerald (pictured) comments: 'We are thrilled with the business we have built and even more excited about Apollo's next chapter as part of the Frazier family. As we considered investment partners to help pursue our bigger vision, we recognized our alignment with the Frazier team almost immediately. Like Apollo, Frazier is committed to supporting technological advancements to improve healthcare'.

Web site: www.apollointelligence.net .