IMS Health purchased for $5.2 billion

Share this article:

IMS Health will be acquired by TPG Capital and the Canadian Pension Plan Investment Board, an investment management organization, for $5.2 billion.

The acquisition also covers IMS Health's outstanding debt, equaling roughly $1.3 billion as of September 30, according to third quarter reports.

A spokesperson for IMS Health said the company will continue operating under its flagship name—IMS Health. There are no immediate plans to change senior management, the spokesperson said. IMS Health “will continue our focus on expanding into new markets, further improving the quality and depth of offerings we deliver to our clients and playing a bigger role in the healthcare market,” David Carlucci, IMS chairman and CEO, said in a statement. The acquisition is expected to be completed by the end of the first quarter, 2010.

IMS Health's third quarter revenue was $540.8 million—down from $573.7 during the same period last year.
Share this article:
You must be a registered member of MMM to post a comment.
close

Next Article in Features

The Women's Health landscape is ripe with opportunity for pharma marketers. This seven-page eBook offers product managers a guide to capitalizing on the trends, growth areas and unmet needs. Includes alternative channels to engage OB/GYNs and oncologists, and plenty of tips. Click here to access it.

Email Newsletters