Creston plc acquires Red Door Communications, one of the UK’s leading healthcare public relations and medical education consultants, for a maximum consideration of £13.5 million.
We are very pleased to have completed the sale of Red Door to Creston plc, a deal that I am sure will work extremely well for both parties. Red Door was founded by Catherine Warne and Julia Harries in 2000 to serve the healthcare and pharmaceutical sector. Current clients include AstraZeneca, Bayer, GlaxoSmithKline, Novartis, Roche Diagnostics and Schering Healthcare.
The deal completes a very successful build-up phase for Catherine and Julia. I worked alongside Catherine and Julia at Grey and I can testify that they are absolutely consummate practitioners in the world of healthcare communications. For Creston, it is just the start of their building a global pharma communications network, so watch this space!
Rupert Ashe, CEO, D5 Capital
M: +44 7775 781803