Information and technology services company IMS Health has announced that following successful completion of works council information and consultation requirements in certain countries, the Cegedim Board of Directors has approved IMS Health's offer to acquire certain Cegedim information solutions and Customer Relationship Management (CRM) businesses. A definitive purchase agreement has been executed.
The proposed transaction, announced on June 24, 2014, is subject to customary regulatory and other closing conditions. IMS Health continues to expect closing the transaction in early 2015.
IMS Health is a leading global information and technology services company providing clients in the healthcare industry with comprehensive solutions to measure and improve their performance. By applying sophisticated analytics and proprietary application suites hosted on the IMS One intelligent cloud, the company connects more than 10 petabytes of complex healthcare data on diseases, treatments, costs and outcomes to help its clients run their operations more efficiently.
