PE firm Parthenon plans to begin a sales process for Wayne-based clinical trial technology provider Bracket after Labor Day

Tom Paine

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The Wall Street Journal reported last week (subscription) that PE firm Parthenon plans to begin a sales process for Wayne-based clinical trial technology provider Bracket after Labor Day. Parthenon purchased Bracket from Express Scripts in 2013.

At the time it was purchased in 2013, Bracket was reported to have 300 employees. Now it says it has over 500, and at the end of August announced the opening of a new space in Boston.

Prices in the clinical trial technology market are strong, as evidenced by the recently announced sale of Doylestown-based Bioclinica for $1.4 billion, although Bracket probably won't be valued in that range.