PAREXEL - Mark A. Goldberg, President & COO, Talks About PAREXEL's M & A Strategy
M&A is a very important part of PAREXEL’s strategy. Over our history, we've done a relatively large number of acquisitions, probably exceeding 40 at this point. Our goal through acquisitions is to help position ourselves from a competitive standpoint, from a strategic standpoint. We look for opportunities that allow us to expand the breadth of our services or to bring new capabilities to the organization. We also focus on the financial benefits that would accrue to us through acquisitions that we do. We look for acquisitions to drive growth as well as to drive profitability and we look closely at return on invested capital as an important metric for the company from a financial perspective.