IMS Health buying Cegedim assets for $520M

IMS Health (IMS) is buying Cegedim's (CGMJF) information solutions and CRM businesses for €385M ($520M) in cash. The deal is expected to close in early 2015.

The Cegedim businesses had 2013 revenue of $573M, and adjusted EBITDA of $86. The purchase is expected to be immediately accretive to adjusted EPS.

IMS +5.1% AH.

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