Please login to the form below

Not currently logged in
Email:
Password:

IMS acquires MIHS Holdings for USD 80m

IMS acquires analytics and technology firm MIHS Holdings, which has the HIS and MedInitiatives subsidiaries, for a total of USD 80m

US-headquartered pharmaceutical and healthcare research company IMS Health has acquired US-based analytics and technology firm MIHS Holdings, which has the HIS and MedInitiatives subsidiaries, for a total of USD 80m.

The deal gives IMS access to proprietary MedInitiatives software to improve services to drug companies it already serves and develop new business with health plans and other health care payers. The purchase could boost the local company's presence worldwide.

The purchase agreement specifies a base price of USD 68m, with up to an additional USD 12m to be paid should the company meets performance targets for this year, according to documents filed with the Securities and Exchange Commission (SEC).

The USD 80m acquisition price is four times the projected annual revenue for MedInitiatives in 2007, which is generally an indication of growth potential.

In the US healthcare payer market, IMS assesses doctor dynamics and drug therapies. With the addition of MedInitiatives, the company says clients including pharmacy benefit managers will get additional insights and innovative technology to better manage prescription drug costs.

Bill Nelligan, president of IMS Americas, said: ìThe acquisition represents a significant growth opportunity for us, as drug manufacturers seek greater efficiencies from their non-core operations and payers look for new ways to manage escalating costs and drive evidence-based healthcare decisions.î

18th December 2007

Share

COVID-19 Updates and Daily News

Featured jobs

PMHub

Add my company
COUCH Health

We are a patient engagement agency committed to making clinical study experiences human. By guiding organisations in making everything they...

Latest intelligence

Virtual Engagement At Porterhouse: Reflections on the past few months
A look at how the pitfalls of virtual engagement can be avoided and the key advantages of virtual client and KOL engagement strategies in a now predominantly digital world....
July 2020: diversity and inclusion in clinical trials round-up
COVID-19 has continued to bring diversity and health inequality to the forefront of people’s attention. Our latest round-up covers the July news around these issues, and brings you the latest...
Medical Device Clinical Trials 2020
In July 2020, we attended and exhibited at the Medical Device Clinical Trials 2020 Virtual Experience. We really enjoyed the day and it was great to hear from like-minded people,...

Infographics