QuintilesIMS 'Looking to Divest'

Health data giant QuintilesIMS may be looking to divest its contract sales business for as much as $1 billion, according to a report from Reuters.

The report quotes unnamed sources saying that a number of private equity firms are interested in the sale, while QuintilesIMS says it is not corporate policy to comment on 'rumor or speculation'.

With twin headquarters in Durham and Danbury, CT, the creation of the firm was announced just over a year ago, when latest revenue figures for the two (2015) totalled $7.2 billion and the merged corporation's value was estimated at $17.6bn.

QuintilesIMS has now reported revenues for the first quarter of 2017 of c.$1.9 billion, made up of $847m commercial solutions, $866m research and development solutions and $198 million integrated engagement services.

Web site: www.quintilesims.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.