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UPDATE: Benchmark Terminates Coverage on BioClinica Following Acquisition by JLL Partners


In a report published Monday, Benchmark Company analyst Raymond Myers terminated the firm's coverage of BioClinica (NASDAQ: BIOC).

In the report, Myers noted, “BioClinica announced it has completed its previously disclosed agreement with the private equity firm, JLL Partners, to acquire BioClinica for $7.25 per share. BIOC shares are no longer publicly listed. At the time of announcement this reflected 1.6x our forecast 2012 revenue of $77.4 million and was a 23% premium to the prior 90-day trading average. Our prior forecasts and rating should no longer be relied upon; our prior Hold rating reflected the limited upside to the agreed $7.25 transaction price.”

BioClinica closed on Friday at $7.25.

Latest Ratings for BIOC

Mar 2019Maxim GroupInitiates Coverage OnBuy
Jun 2017Chardan CapitalInitiates Coverage OnBuy
Nov 2016Feltl & Co.UpgradesHoldBuy

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