Cegedim Completes Disposal of the CRM and Strategic Data Division to IMS Health
April 01 2015 - 4:00PM
Business Wire
- Timetable respected
- Estimated selling price of €396
million1
- It will be used to repay debt
Regulatory News:
Cegedim, a technology and services company committed to
innovation announced today the completion of the disposal of its
CRM and Strategic Data division to IMS Health as announced last
October.
The estimated selling price, determined in accordance with
October 2014 agreements amounts to €396 million1 .
This disposal allows the Group to refocus on and develop its
software and databases for healthcare professionals and health
insurance companies, and its fast-growing multi-industry activities
such as e-business, e-collaboration and outsourced payroll and HR
management.
The closing also enable Cegedim to continue its deleveraging.
Indeed, the proceeds will be used to repay debt, thus reinforcing
its balance sheet and provide greater financial flexibility.
Additional information
Complete financial information is available on our website:
www.cegedim.com/finance.
This information is also available on Cegedim IR, the Group’s
financial communications app for smartphones and iOS and Android
tablets. To download the app, visit:
http://www.cegedim.fr/finance/profil/Pages/CegedimIR.aspx.
About Cegedim:
Founded in 1969, Cegedim is a technology
and services company committed to innovation. Cegedim supplies
services, technological tools, specialized software, data flow
management services and databases. Its offerings are targeted
notably at healthcare professionals, healthcare industries, life
science companies, and health insurance companies. Cegedim
generated €494 million of revenue from continuing activities in
2014 and employs 3,500 people in 11 countries. Cegedim SA is listed
in Paris (EURONEXT: CGM).
To learn more, please visit:
www.cegedim.com
And follow Cegedim on Twitter:
@CegedimGroup
1 This estimated amount is subject to contradictory review on
the basis of March 31st, 2015 accounts to be prepared within 90
business days.
CegedimMedia RelationsAude BALLEYDIER, +33 (0)1 49 09 68
81aude.balleydier@cegedim.frorInvestor RelationsJan Eryk
UMIASTOWSKI, +33 (0)1 49 09 33 36Chief investment
Officerinvestor.relations@cegedim.frorPRPA AgencyPress
RelationsGuillaume DE CHAMISSO, +33 (0)1 77 35 60
99guillaume.dechamisso@prpa.fr
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