UNBconnect... - India's Piramal to buy US healthcare company

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Sunday, 19 May 2013

India's Piramal to buy US healthcare company

Reported by: AP/UNBconnect
Reported on: May 16, 2012 18:28 PM
Reported in: International

MUMBAI, India, MAY 16 (AP/UNB) - India's Piramal Healthcare says it will buy a U.S. healthcare information company, Decision Resources Group, for 34 billion rupees ($635 million).

The announcement Wednesday is the second overseas acquisition in two months by Piramal.

Piramal agreed in April to buy a portfolio of medical imaging molecules from Germany's Bayer Pharma including an Alzheimer's diagnosis it says could yield $1.5 billion in revenue.

Decision Resources Group, based in Burlington, Massachusetts, provides research and analysis to pharmaceutical companies. It projects revenue this year will be $160 million.

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