Deals
IBM Buying Truven for $2.6 Billion to Amass More Health Data
- Fourth health data-related acquisition in less than a year
- IBM's biggest purchase in three years under CEO Ginni Rometty
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IBM has agreed to buy Truven Health Analytics for $2.6 billion, its fourth acquisition in less than a year aimed at expanding in the business of combing through health-related data. The shares rose the most in 4 1/2 years.
More than 8,500 hospitals, insurers and government agencies use Truven to manage and analyze the reams of data generated by the health industry. Veritas Capital, a New York-based private equity firm, bought Truven in 2012 for $1.3 billion, according to company filings. The deal is expected to be completed later this year.