The purchase will add rich data to each of Alira Health’s practice areas, including innovation, regulatory, clinical, strategy and transaction advisory services.

The merged business will support its clients with integrated services, including helping with the challenges of implementing value-based care models in the US and EU, as well as clinical trial cost and recruitment, reimbursement, health economics, market access and the development of tailored data products.

Gabriele Brambilla, CEO of Alira Health, said: "We have been actively looking for the right analytics platform to complement our organisation and provide our practice areas with additional data tools to give clients deeper insights. We are thrilled to welcome Clinical Insights and their amazing team to Alira Health."

Paolo Migliari, chief operations and digital information officer of Clinical Insights, added: "This new partnership gives us the opportunity to apply our knowledge to a broader spectrum of service areas and support clients across their product and company lifecycles."