BioCentury
ARTICLE | Company News

Piramal to acquire healthcare analytics firm

May 17, 2012 12:45 AM UTC

Piramal Healthcare Ltd. (BSE:500302; NSE:PIRHEALTH) will acquire healthcare information and analytics company Decision Resources Group (Burlington, Mass.) for about $635 million. Decision Resources, which offers services to forecast trends in drug and medical device markets, expects $160 million in 2012 revenue. The deal is expected to close by June 30.

Piramal said the acquisition is part of the Indian company's strategy to buy global growth businesses with sustainable returns following the 2010 sale of its domestic formulation business to Abbott Laboratories (NYSE:ABT) for $3.8 billion. Last month, Piramal's Piramal Imaging S.A. subsidiary said it will acquire worldwide rights to the PET imaging tracer assets of Bayer AG (Xetra:BAYN). Piramal had revenues of $450 million in FY12 (see BioCentury Extra, April 16). ...