Starboard may be poised to build value amicably at contract research firm Fortrea
Publishing timestamp: 2023-10-21 06:36:39
Summary
The article discusses Fortrea Holdings, a contract research organization (CRO) that provides clinical development and patient access solutions to the life sciences industry. The company was spun out from Labcorp in 2023 and has global operations in over 90 countries. Despite having global reach, Fortrea's earnings margins are below the peer median. However, with the right CEO and a focus on improving margins, the company has the potential for significant growth. There may also be strategic opportunities for shareholder value creation, as private equity firms and strategics have shown interest in the CRO industry.
Sentiment: POSITIVE
Keywords: s&p 500 index, hedge funds, business news, investment strategy, breaking news: investing, fortrea holdings inc,