OverviewSuggest Edit

Syneos Health, a contract research organization, provides various clinical development services for the biopharmaceutical and medical device industries. Its services include clinical trial management services comprising patient recruitment and retention, project management, clinical monitoring, drug safety/pharmacovigilance, medical affairs, quality assurance, and regulatory and medical writing; and data services consisting of clinical data management, electronic data capture, and biostatistics. 
TypePublic
Founded1998
HQMorrisville, US
Websitesyneoshealth.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Dec 2018)24,000(+15%)
Job Openings624
Revenue (FY, 2018)$4.4 B(+65%)
Share Price (Nov 2019)$51.3 (+2%)

Key People/Management at Syneos Health

Alistair Macdonald

Alistair Macdonald

CEO
Jason Meggs

Jason Meggs

CFO
Neil Ferguson

Neil Ferguson

Chief Business Officer
Paul Colvin

Paul Colvin

President, Clinical Solutions
Mark Dmytruk

Mark Dmytruk

Executive Vice President, Corporate Strategy and Development
Michelle Keefe

Michelle Keefe

President, Commercial Solutions
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Syneos Health Office Locations

Syneos Health has offices in Morrisville, Ann Arbor, Austin, Blue Bell and in 94 other locations
Morrisville, US (HQ)
1030 Sync St
Ann Arbor, US
5430 Data Ct #200
Austin, US
Encino Trace Building II, 5707 Southwest Parkway, Suite 200
Blue Bell, US
1787 Sentry Pkwy W Building 18, Suite 300
Boston, US
470 Atlantic Ave 11th floor
Burlington, US
1 Van de Graaf, 5th Floor
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Syneos Health Financials and Metrics

Syneos Health Revenue

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Syneos Health's revenue was reported to be $4.39 b in FY, 2018 which is a 64.3% increase from the previous period.
USD

Revenue (Q3, 2019)

1.2b

Gross profit (Q3, 2019)

263.4m

Gross profit margin (Q3, 2019), %

22.4%

Net income (Q3, 2019)

58.9m

EBIT (Q3, 2019)

69.4m

Market capitalization (15-Nov-2019)

5.3b

Closing stock price (15-Nov-2019)

51.3

Cash (30-Sep-2019)

129.2m

EV

8.2b
Syneos Health's current market capitalization is $5.3 b.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

1.6b2.7b4.4b

Revenue growth, %

15%66%64%

Cost of goods sold

1.2b2.1b3.4b

Gross profit

403.7m620.8m955.8m
Quarterly
USDQ2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

391.1m822.3m1.1b1.1b1.1b1.1b1.2b1.2b

Cost of goods sold

295.1m635.9m840.8m847.5m872.2m886.8m917.5m913.7m

Gross profit

96.1m186.4m216.4m225.1m242.7m232.2m249.3m263.4m

Gross profit Margin, %

25%23%20%21%22%21%21%22%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

102.5m321.3m155.9m

Accounts Receivable

211.5m643.0m1.3b

Current Assets

522.6m1.4b1.5b

PP&E

58.3m180.4m183.5m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

164.4m169.7m304.3m186.7m171.5m132.4m107.9m107.3m129.2m

Accounts Receivable

187.8m223.4m557.3m600.8m682.4m656.7m1.2b

Prepaid Expenses

72.0m68.2m

Current Assets

539.1m582.7m1.4b1.4b1.4b1.4b1.4b1.5b1.5b
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

112.6m(138.5m)24.3m

Depreciation and Amortization

59.2m179.9m273.7m

Accounts Payable

6.7m(17.0m)60.0m

Cash From Operating Activities

109.3m198.3m303.4m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

21.2m24.6m(123.4m)(24.6m)(11.0m)(21.4m)(30.0m)(18.7m)40.2m

Depreciation and Amortization

15.6m31.2m96.6m68.0m135.5m203.6m61.2m121.9m182.1m

Accounts Payable

(20.5m)8.7m(10.1m)(14.2m)(3.3m)5.4m(26.7m)32.0m12.3m

Cash From Operating Activities

75.7m98.4m109.7m(47.0m)65.2m191.0m(13.3m)83.5m157.9m
USDY, 2019

EV/EBIT

117.6 x

EV/CFO

51.7 x

Financial Leverage

2.6 x
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Syneos Health Operating Metrics

Syneos Health's Backlog was reported to be $7.3b in Q1, 2019.
FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019

Backlog

$1.88 b$1.88 b$2.04 b$3.71 b$3.80 b$8.30 b$4.52 b$4.68 b$4.86 b$7.33 b

Backlog (Clinical Solutions)

$1.88 b$1.88 b$2.04 b$3.71 b$3.80 b$7.61 b$4.09 b$4.22 b$4.32 b$7.61 b

Backlog (Commercial Solutions)

$604.60 m$424.70 m$460.30 m$540.20 m$690.20 m

Facilities

73 147 120
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Syneos Health Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
KinapseAugust 20, 2018
inVentiv Health, Inc.May 10, 2017$4.60 b
Kendle International Inc.May 04, 2011$232 m
inChord Holding Corporation (US)
INC Research Europe
INC Research Holding
INC Research II LP
INC Research International Holdings
inVentiv Clinical UK Entities
inVentiv Commercial Services, LLC
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Syneos Health Revenue Breakdown

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Syneos Health revenue breakdown by business segment: 71.8% from Clinical Solutions, 26.3% from Commercial Solutions and 1.9% from Other

Syneos Health revenue breakdown by geographic segment: 8.7% from Asia-Pacific, 69.1% from North America and 22.2% from Europe, Middle East and Africa

Syneos Health Online and Social Media Presence

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Syneos Health News and Updates

Syneos Health and AiCure Announce Partnership to Optimize Patient Engagement and Trial Success

MORRISVILLE, N.C. and NEW YORK – November 12, 2019 — Syneos Health® (Nasdaq:SYNH), the only fully integrated biopharmaceutical solutions organization, and AiCure, an AI and advanced data analytics company, today announced a novel strategic partnership to drive faster, smarter trials to optimize pati…

Syneos Health Showcases Evolved Deployment Solutions at Future Pharma in Boston

New Offering Advances Traditional Outsourced Sales Model to Deliver Fully Optimized Field-Facing Commercialization Solutions New Offering Advances Traditional Outsourced Sales Model to Deliver Fully Optimized Field-Facing Commercialization Solutions

Syneos Health Consulting Releases 11th Annual Survey of Biopharmaceutical Dealmakers

Projects M&A Bull Run Will Continue, Reveals Buyers Accepting More Risk in Early Development and Rare Disease Categories Projects M&A Bull Run Will Continue, Reveals Buyers Accepting More Risk in Early Development and Rare Disease Categories

Syneos Health Appoints Patrick Nealon, Head of Oncology

MORRISVILLE, N.C., May 31, 2019 (GLOBE NEWSWIRE) -- Syneos Health™ (Nasdaq:SYNH), the only fully integrated biopharmaceutical solutions organization, today announced the appointment of Patrick Nealon as Executive Vice President and General Manager of Oncology Clinical Development. In this role, th…

Syneos Health to Present at Upcoming Investor Conferences

MORRISVILLE, N.C., May 21, 2019 (GLOBE NEWSWIRE) -- Syneos Health™ (Nasdaq:SYNH), the only fully integrated biopharmaceutical solutions organization combining a CRO (Contract Research Organization) and a CCO (Contract Commercial Organization), today announced that the Company is scheduled to prese…
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Syneos Health Blogs

Syneos Health to Present at the Jefferies 2019 London Healthcare Conference

MORRISVILLE, N.C. – November 13, 2019 – Syneos Health® (Nasdaq:SYNH), the only fully integrated biopharmaceutical solutions organization combining a CRO (Contract Research Organization) and a CCO

Bernadette Connaughton Appointed to Syneos Health Board of Directors

MORRISVILLE, N.C. – November 12, 2019 – Syneos Health® (Nasdaq:SYNH), a leading biopharmaceutical solutions organization combining a Contract Research Organization (CRO) and a Contract Commercial

Value Access and Medical

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Syneos Health Frequently Asked Questions

  • When was Syneos Health founded?

    Syneos Health was founded in 1998.

  • Who are Syneos Health key executives?

    Syneos Health's key executives are Alistair Macdonald, Jason Meggs and Neil Ferguson.

  • How many employees does Syneos Health have?

    Syneos Health has 24,000 employees.

  • What is Syneos Health revenue?

    Latest Syneos Health annual revenue is $4.4 b.

  • What is Syneos Health revenue per employee?

    Latest Syneos Health revenue per employee is $182.9 k.

  • Who are Syneos Health competitors?

    Competitors of Syneos Health include Worldwide Clinical Trials, IQVIA and PRA Health Sciences.

  • Where is Syneos Health headquarters?

    Syneos Health headquarters is located at 1030 Sync St, Morrisville.

  • Where are Syneos Health offices?

    Syneos Health has offices in Morrisville, Ann Arbor, Austin, Blue Bell and in 94 other locations.

  • How many offices does Syneos Health have?

    Syneos Health has 113 offices.