Newspaper article International New York Times

Quintiles and IMS Health Set 'Merger of Equals'

Newspaper article International New York Times

Quintiles and IMS Health Set 'Merger of Equals'

Article excerpt

The merger, the latest in a wave of health care tie-ups, would create a company worth $17.6 billion, with combined revenue of $7.2 billion.

IMS Health Holdings, the health care information and technology provider, and Quintiles Transnational Holdings, which assists pharmaceutical companies with clinical trial research, said on Tuesday that they had agreed to an all-stock "merger of equals."

The merger would create a company with a market capitalization of $17.6 billion and with $7.2 billion in pro forma revenue in 2015.

It is the latest in a series of health care deals as companies in that sector seek greater scale -- as evident in the $40 billion in proposed transactions announced on a single day last week.

Last Thursday, Abbott agreed to purchase St. Jude Medical for $25 billion. That same day, Sanofi made an offer to buy Medivation for about $9. …

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