IMS Health could raise $1.36 billion in IPO: Reuters

Healthcare IT player IMS Health is expecting to price its initial public offering at between $18 and $21 a share, which would value the company at $6.97 billion, according to a report from Reuters.

The company, backed by TPG Capital Management (Fort Worth, TX, USA), is hoping to raise as much as $1.36 billion from the sale of 65 million shares.

According to Reuters, IMS (Parsippany-Troy Hills, NJ, USA), will sell some 52 million shares during the offering, with the remainder being put up for sale by shareholders.

“Right now there is big demand for IPOs that are subscription and cloud based,” said Francis Gaskins, a research director at Equities.com, according to Reuters.

Besides providing prescription data to pharmaceuticals companies, medical device makers and governments, IMS develops reports about the status of the healthcare industry, and generated 90% of its information revenue over the last three years from the sale of subscription or license-based contracts.

It currently serves about 5,000 customers in 100 countries worldwide and had a total debit of $4.96 billion at the end of 2013, according to Reuters.

The offering will reduce the stake in IMS held by TPG to about 50% from a current level of 62.2%.

Besides growing its operating profit to $276 million for the nine months between January and September 2013 – from $173 million for the corresponding period in 2012 – IMS has acquired a number of other healthcare IT providers since being taken private by TPG in 2010.

Those have included Incential Software, 360 Vantage, Semantelli and Appature.

ArticleTools

Featured Reports

Content Delivery Networks (CDN) 2015
Content Delivery Networks (CDN) represent large distributed system of servers deployed in multiple data centers across the Internet. CDNs provide solutions for efficiently and effectively managing content of all types. Solutions include core services such as aggregation, management, and distribution of content as well as a variety of value-added functionality.

 

Cable Carrier Wi-Fi: MSO Take MNO Market Share
How does a cable provider gain a bigger piece of the telecom market pie chart? With a clever Wi-Fi strategy, cable providers are in a unique position to dominate the residential and business telecommunications markets. This is the portent of things to come in the very near future: an MSO as MNO play.

 

Structured and Unstructured (Big) Data in Telecom Analytics
This report provides the reader with a broad understanding of telecom data (structured and unstructured/big data) and related analytics. The report identifies market drivers and opportunities as well as forecasts for certain key growth areas such as deep packet inspection.

 

Affordable Market Reports on Big Data, IoT, CDN & More!
Access the exclusive new series of market research reports brought to you through the partnership of Mind Commerce research and TelecomEngine.com.
Browse the latest titles

 

 

Featured Events & Partners

GEN 15
Nov. 16-19, 2015

Omni Hotel, Dallas, Texas

The global gathering of networking professionals enabling the future of agile, assured and orchestrated services powered by CE 2.0, LSO (Lifecycle Service Orchestration), SDN and NFV.

Visit event website...