Truven Health Analytics, a company that provides data to hospitals, doctors, and companies, plans to go public. Based in Ann Arbor, Michigan, Truven will likely be valued at over $3 billion, including debt. Private equity firm Veritas Capital Fund Management LLC acquired Truven from Thomson Reuters for $1.25 billion in 2012. Truven offers healthcare data and analytics solutions to federal and state government agencies, health plans, hospitals, pharmaceutical companies, etc. The data used by Truven is used for determining potential cost savings and to fight fraud. Truven reported net revenues of $349.9 million and adjusted earnings before EBITDA of $94.7 million in the nine months to the end of September, according to Reuters.
Tureen Health Analytics Posts
Mar 5, 2015