US: Quintiles, IMS Health plan $9billion merger

IMS Health Holdings plans to merge with Quintiles Transnational Holdings, the companies said today, in an approximately $9 billion deal designed to create one of the world’s largest providers of healthcare data, technology, and services solutions.

The merger will create a combined entity—to be called Quintiles IMS Holdings—with combined 2015 revenue of $7.2 billion and combined market capitalization of more than $17.6 billion.

IMS Health shareholders will receive 0.384 shares of Quintiles common stock for each share of IMS Health common stock. Upon completion of the merger, IMS Health shareholders will own approximately 51.4% of the shares of the combined company, with the remaining 48.6% to be owned by Quintiles shareholders.

“This combination addresses life science companies’ most pressing needs: to transform the clinical development of innovative medicines, demonstrate the value of these medicines in the real world, and drive commercial success,” Quintiles CEO Tom Pike said in a statement.

Full Content: NY Times

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.