IMS Health to Buy Cegedim’s CRM, Information Solutions Portfolio; Ari Bousbib Comments

acquisitionIMS Health (NYSE: IMS) will pay $520 million cash to acquire Cegedim businesses that deliver information solutions and customer relationship management systems in the healthcare market.

The agreement includes Cegedim’s OneKey reference database platform as well as CRM products that work to help life sciences organizations manage sales and marketing programs, IMS Health said Tuesday.

IMS Health expects to close the deal in early 2015 and plans to finance the transaction with cash on hand as well as funds under an existing credit facility.

“Cegedim’s complementary offerings will accelerate the build-out of our strategic roadmap in information and technology services, ” said Ari Bousbib, IMS Health chairman and CEO.

The CRM and information solutions units employ more than 4, 500 professionals who possess skills in software development, data warehousing, analytics, mobile applications and business intelligence.

Both Cegedim businesses generated $573 million in combined revenues in 2013, according to IMS Health.

Video of the Day

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about M&A Activity

Related Articles

Become a Registered Reader
Register to enjoy unlimited access to articles, interviews, and invaluable govcon content. You'll also receive our daily briefing straight to your inbox.

This will close in 0 seconds