| Thomson Reuters to Sell Health Biz |
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| Written by The Progressive Accountant | |||
| Tuesday, 07 June 2011 17:29 | |||
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Thomas Reuters says it plans to sell its $450 million healthcare business that provides provides data, analytics and performance benchmarking solutions and services to companies, government agencies and healthcare professionals. The company says the step is being taken to concentrate on core markets. Among the products and services going up for sale are MarketScan, Advantage Suite, Micromedex, CareDiscovery and ActionOI. In a statement, Thomson CEO Tom Glocer said although the business is growing and profitable, the unit lacks integration with the other units and also lacks global scale. As a result of the divestitute, the Intellectual Property and Science businesses will be part of a a single operating unit of the Professional division. | |||
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About the Author: Brett Owens is CEO and Co-Founder of Chrometa, a Sacramento, Calif.-based provider of software that records activity in real time. Previously marketed to the legal community, Chrometa is branching out to accounting prospects; gains include the ability to discover previously undocumented billable time, save time on billing reconciliation and improve personal productivity. Brett is also blogger and founder at CommodityBullMarket.com and ContraryInvesting.com, as well as a regular contributor to two leading financial media sites, SeekingAlpha.com and BeforeItsNews.com. |