NEWS3 January 2014

IMS Health files for initial public offering

Financials Healthcare News

US — Healthcare data firm IMS Health has filed for an initial public offering, four years after the company was taken private by investment groups TPG Capital and the CPP Investment Board in a $5bn deal.

IMS has yet to set a price range for the offering, nor has it said how many shares will be offered for sale.

Since going private, the company has made a series of acquisitions, including rival business SDI, benchmarking and analytics company TTC, social media analytics firm Semantelli, and, most recently, the life sciences advisory firm Pygargus.

According to its S-1 filing with the Securities and Exchange Commission, IMS’s revenue increased 4% to $1.87bn for the nine months ended 30 September 2013. Operating income increased 60% to $276m.

The company “expects to use the net proceeds from the offering to repay a portion of its existing long-term debt and any remaining proceeds for general corporate purposes”.

Pictured is IMS Health chairman and CEO Ari Bousbib.