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IMS Health Says It's Exploring 'Strategic Alternatives'
Published: Tuesday, 20 Oct 2009 | 5:36 PM ET
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By: AP

IMS Health said it is exploring a variety of "strategic alternatives," but did not comment further on the possibility of a sale following media reports a day earlier citing anonymous people familiar with the matter.

The health care data company has Deutsche Bank Securities as a financial adviser and said it can't comment further while the "exploration" process continues.

Late Monday, The Wall Street Journal reported that IMS [RX  Loading...      ()   ] is in discussions to sell itself to a private equity firm, possibly garnering a 30 percent premium on shares for a value of $3.5 billion.

Shares of Norwalk, Conn.-based IMS Health rose in after-hours trading, regaining ground lost during the regular trading session.

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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