IMS Health to use credit facility borrowings to buy Cegedim businesses

By Marisa Wong

Madison, Wis., June 24 – IMS Health Inc. said it plans to use its existing credit facilities, along with cash on hand, to finance its proposed acquisition of some Cegedim SA information solutions and customer relationship management businesses.

The transaction is valued at €385 million, according to a press release.

Closing is anticipated in early 2015.

IMS Health is a Danbury, Conn.-based information and technology services company with clients in the health-care industry. Cegedim is a Boulogne-Billancourt, France-based technology and services company specializing in health care.

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