Chime snaps up pH Associates

PR firm Chime Communication yesterday announced it had bought pH Associates, a pharmaceutical data provider, for £6.92m. The deal is comprised of nearly 90 per cent cash with 10 per cent surplus working capital of PHA after it joins Chime. PHA, which reported revenue of £1.7m and operating profit of £584,000 last year, is owned by its two directors Kate Peperell and Lesley Howell, who will stay on under the Chime umbrella.