Prescription-data firm nears IPO

| | Radiology Business | Business Intelligence

According to a write up in the Wall Street Journal, IMS Health Holdings, Inc. is in the final stages of preparation before its initial public offering. The initial offering could value the firm at $7 billion, according to the article. The firm employs roughly 9,500 people in 100 countries and is expected to go out with a share price of $21.

This IPO would be one of the largest this year so far and could reach up to $10 billion. Significantly, just over half of US-listed IPOs this year have been on health care related companies. IMS Health Holdings deals with patient- and medication-related data—and integrating multiple sources of patient data have been at the center of recent attention in the health-care environment.

IMS provides data on prescriptions, medical claims and sales to health-care companies. The company posted an $82 million profit on $2.54 billion in sales in 2013. 

Prescription Data Firm Nears IPO

Related Content

Orano Med breaks ground on $265M thorium production site
Image-interpretation market scoreboard: Radiologists 72%, others 28%
Lantheus lands rights to budding radiopharmaceuticals for initial outlay of $35M
17 short-term strategies to address the national radiologist shortage
‘SR’ onboards another independent practice, its 1st in the Natural State
Analysis: Allied radiology professionals generate millions of dollars per year in indirect revenues alone

Around the web

Health Imaging
Nearly $800,000 settlement offered to family of man who died during MRI exam

The patient, who was being cared for in the ICU, was not accompanied or monitored by nursing staff during his exam, despite being sedated.

Cardiovascular Business
Global shortage of nuclear imaging isotopes may be over

The nuclear imaging isotope shortage of molybdenum-99 may be over now that the sidelined reactor is restarting. ASNC's president says PET and new SPECT technologies helped cardiac imaging labs better weather the storm.

Cardiovascular Business
‘A huge win’: CMS significantly increases Medicare payments for cardiac CT

CMS has more than doubled the CCTA payment rate from $175 to $357.13. The move, expected to have a significant impact on the utilization of cardiac CT, received immediate praise from imaging specialists.