IMS Health has paid €385m to acquire several of Cegedim’s information solutions and customer relationship management (CRM) businesses.
The deal is expected to be competed in early 2015 at which point IMS Health, which provides information and technology services to the healthcare industry, will take control of a Cegedim CRM portfolio that covers 80 countries as well as a database featuring information on 13.7 million healthcare professionals across the world.
The acquisition, which is to be financed through a mixture of cash and credit facilities, also includes information solutions services that use primary market research.
All told, these business achieved revenues of €424m during 2013 and earnings before tax of €64m. In terms of personnel, more than 4,500 Cegedim employees will make the move to IMS Health, covering a range of information and technology skills including software development, mobile apps and analytics.
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