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Expands healthcare information and analytics business
May 16, 2012
By: Tim Wright
Editor-in-Chief, Contract Pharma
Piramal Healthcare Ltd. will acquire Decision Resources Group (DRG), a U.S.-based healthcare information company, for approximately $635 million. DRG provides web-enabled research, predictive analytics via proprietary databases and consulting services to the global healthcare industry. Ajay Piramal, his namesake company’s chairman, said, “The global healthcare industry is facing several challenges including rising research costs, lower drug approval rates, mounting regulatory pressures and increasingly complex reimbursement models. DRG’s portfolio of products is widely regarded as the gold standard of information. We will leverage our longstanding reputation and relationships with global pharma companies, our knowledge of emerging markets as well as our track record of successful acquisitions as we continue to grow further DRG’s leadership position in the healthcare information and analytics industry.” “This is an excellent opportunity for our business, customers and employees,” said Peter Hoenigsberg, chief executive officer of DRG. “My team and I are excited to be part of the Piramal Group and are confident that its expertise in acquiring, integrating and growing businesses will support our continued growth.” Following the acquisition, Piramal will operate DRG as a stand-alone business and it will remain headquartered in Burlington, MA. The company will continue to be led by Mr. Hoenigsberg and the existing senior management team. The transaction, subject to customary closing conditions, is expected to close by June 30, 2012.
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