Evercore ISI Downgrades Quintiles (Q) to Hold
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Quintiles 1st Quarter 2016 Results
May 3, 2016 6:15 AM EDTAgreement to merge with IMS Health in all-stock transaction to create Quintiles IMS, an industry-leading information and technology-enabled healthcare services provider 8.4% constant currency service revenue growth compared to the first quarter of 2015 $0.89 diluted adjusted EPS representing 23.6% growth compared to the first quarter of 2015 Net new business of $1.03 billion in the first quarter of 2016, representing a 0.93 book-to-bill and resulting in backlog of $12 billion as of March 31, 2016 Cash flow from operations of $112.1 million and free cash flow of $85.9 million in the three months ended March 31, 2016... More
IMS Health and Quintiles to Merge; Quintiles IMS to Become Industry-Leading Information and Technology-Enabled Healthcare Service Provider
May 3, 2016 6:00 AM EDTAll-stock transaction with combined 2015 revenue of $7.2 billion and combined equity market capitalization of $17.6 billion
Broad range of healthcare information, technology and services solutions to drive efficiencies and insights across the entire life sciences product lifecycle, from R&D through commercial execution to real-world patient outcomes. Capabilities to address mission-critical healthcare operations with a market opportunity of more than $230 billion. Quintiles IMS will: Accelerate patient access to innovative medicines by increasing the productivity of the $100 billion spent on drug development Demonstrate the value... MoreIMS Health and Quintiles to Merge
May 3, 2016 6:00 AM EDTQuintiles IMS to Become Industry-Leading Information and Technology-Enabled Healthcare Service Provider
All-Stock Transaction with Combined 2015 Revenue of $7.2 Billion and Combined Equity Market Capitalization of $17.6 Billion
DANBURY, Conn. & RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)-- IMS Health Holdings, Inc. (NYSE: IMS) and Quintiles Transnational Holdings Inc. (NYSE: Q):
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160503005889/en/
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