ANN ARBOR — The Ann Arbor office of Thomson Reuters Healthcare, originally founded as Medstat, has been acquired by an affiliate of Veritas Capital, for $1.25 billion.
“There are no changes planned and this is a growth move,” said John Roderick, spokesman for Truven Health Analytics, the new name for the Veritas subsidiary.
Thomson Reuters Helathcare also has offices in Chicago and Denver and employed 2,200 people at the time of its acquisition, including about 800 in Ann Arbor.
“Truven Health Analytics is the industry’s leading provider of trusted and unbiased health care information, analytic tools, and benchmarks,” said Robert McKeon, chairman of Veritas Capital. “Their solutions sit at the center of virtually every major health care challenge currently confronting hospitals, employers, federal and state governments, pharmaceutical companies, and health plans. We look forward to working with the management team and employees to build upon the strong foundation in place to continue delivering value to our customers.”
Truven Health Analytics provides data, analytics, and performance benchmarking products and services to hospitals, health systems, employers, health plans, government agencies, and pharmaceutical companies.
“The healthcare industry is constantly striving for higher quality and improved efficiency, and our new partnership with Veritas Capital will help us harness the power of our world class team to tackle some of the industry’s biggest challenges,” said Mike Boswood, president and CEO of Truven Health Analytics. “We’re eager to realize the potential that our future holds.”
Founded in 1992 and headquartered in New York, Veritas Capital is a leading private equity firm that invests in companies that provide critical products and services to government and commercial customers worldwide. Since its founding, Veritas Capital has been involved as the lead investor in transactions totaling more than $15 billion in value.
More at www.truvenhealth.com.