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Piramal Health to buy US co for $635 mn

Piramal Healthcare has agreed to buy US-based healthcare information provider Decision Resources Group

Written by Agencies | Mumbai | Published: May 16, 2012 10:28:23 am

Indian drugmaker Piramal Healthcare said it has agreed to buy US-based healthcare information provider Decision Resources Group (DRG) for $635 million as the Indian company looks to expand its global research and development business.

The acquisition is expected to be completed by June 30,and generate revenues of $160 million in 2012,Piramal said in a statement.

DRG provides web-enabled research information using proprietary database to global healthcare companies for their research and development projects.

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