Investing in Life Sciences
News Release: Skills Alliance, a global Life Sciences workforce solutions provider, is delighted to announce that due to increased client demand, they have secured additional funding with a scalable funding solutions partner with international reach.
This new collaboration ensures we maintain our advantage in the delivery of best in class workforce solutions on a global scale, to meet the increasingly complex needs of our diverse client base.
As Life Sciences organisations need to flex and scale their workforce it is imperative that, as a specialist Life Sciences talent acquisition provider, we also have the ability to scale at pace. Life Science organisations are also increasingly operating on an international scale, with multi-region locations. To meet the global workforce needs of our clients, Skills Alliance now offers a multi-currency facility. This enables us to pay contractors and employees in various countries while billing in a different currency from another location.
The Life Sciences industry continues to grow year on year
A recent Evaluate report states that Global pharmaceutical revenues are forecast to grow at a compounded annual rate of 5.9% to 2028. Coupled with the annual EY forecast that has seasoned analysts expecting Life Sciences M&A activity to accelerate in 2024.
Recent research has also shown that there is a vast increase in additional workforce for high growth companies. Over a two year period, there is an 143% increase in talent required amongst Life Sciences companies going through their IPO.
Spencer Jones, Group CFO, Skills Alliance commented, “With the most recent analysts’ reports and industry research, it is evident that the Life Sciences industry will see an increase in activity over the next 12-24 months. This has a direct impact on their workforce. By securing additional funding, this will provide Skills Alliance with the flexibility and capacity to enable our Life Sciences’ clients to meet their business goal of meeting society’s demand for new therapies and solutions to help us lead healthier lives.”
This new affiliation further supports Skills Alliance continuing investment with credible business partners, in the future of Life Sciences talent acquisition. Skills Alliance is already working with partner led private equity firm Palatine. This collaboration is aiding Skills Alliance to further grow the team globally, offering progressive career opportunities for employees; to support client delivery in providing best-in-class total talent workforce solutions; as well as buy and build opportunities to ensure our offering evolves with client demands and needs.
Carl Marotta, CEO, Skills Alliance remarked, “The invaluable support of Palatine has been instrumental in achieving our strategic goals. Our ambitious plan to scale as a Life Science total talent solutions provider has not only been remarkably successful, but has also helped solidify ESG as a fundamental pillar, guiding our behaviours and business decisions.”
