Finding Treasures in Corporate Divestitures
June 7, 2012
Veritas Capital has completed its $1.25 billion acquisition of the healthcare business of Thomson Reuters (TSX / NYSE: TRI). The acquired business, which has been renamed Truven Health Analytics, provides data, analytics and performance benchmarking solutions and services to the healthcare industry and others. Its brands include Advantage Suite, MarketScan, 100 Top Hospitals and CareDiscovery.
Sometimes a unit just doesn't jive well with a company's new plans. While that company may no longer see that unit as a good strategic fit, some private equity investors see it as a golden opportunity. As such, PE investors have made investments through 445 corporate divestitures since the beginning of 2010, according to the PitchBook Platform. Unlike the Thomson Reuters Healthcare business deal, most of these transactions have been small in size with deals under $250 million accounting for 71% of the activity.