TPG-backed IMS Health files for IPO of up to $100 mln - Reuters
IMS Health Holdings Inc, backed by TPG Capital Funds LP, filed with U.S. regulators to raise up to US$100 million in an initial public offering of its common stock, reports Reuters. TPG, Canada Pension Plan Investment Board (CPPIB) and Leonard Green & Partners LP took IMS private in 2010 for US$5.2 billion, including debt. IMS provides prescription data to the pharmaceutical industry, medical device makers, government agencies and other companies in the healthcare sector. Founded in 1954, the company has over 5,000 clients and operates in more than 100 countries, according to its website.
3 January 2014•2 mins read
