Toronto's Diversinet to Sell Business to PE-Backed IMS Health for $3.5M
Enterprise mobile healthcare platform Diversinet Corp. (TSX Venture: DIV, OTCQB: DVNTF) has agreed to sell all of its intellectual property, software, customer contracts and other assets to IMS Health Inc. for $3.5 million. Shareholders in the Toronto-based company will be asked to approve the deal at a meeting scheduled for September. IMS Health, a Danbury, Connecticut-based provider of healthcare information, services and technology, was in 2010 acquired for US$5.9 billion by TPG Capital, Canada Pension Plan Investment Board and Leonard Green & Partners.
9 August 2013•5 mins read
