IMS Health and Quintiles, two long-standing companies offering a variety of technology and information services to healthcare provider, payer and life sciences organizations, will combine in a “merger of equals” transaction.
Under terms of the acquisition, IMS Health will own 51.4 percent of shares of the combined company, with Quintiles owning 48.6 percent. Ari Bousbib, chair and CEO at IMS Health, will serve as chair and CEO of the new company, to be called Quintiles IMS Holdings Inc. Tom Pike, CEO of Quintiles, will serve as vice chairman. The board will be evenly split. The deal is expected to close in the second half of 2016.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access