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Piramal Health To Buy US-based “Decision Resources” for Rs 3,400 Crores

Piramal Health is planning to acquire US-based Decision Resources which they think would be the last sector they would invest in. The group would be buying the US-based company for Rs 3,400 crore which is about $635 million.

Piramal Healthcare Logo

Piramal Healthcare Logo

The group will now be entering into the $5.7 billion healthcare information management business according to Mr Ajay Piramal. Their company has become quite successful today due to the investments that they made and also due to the efforts of the governing people in the business.

Adding to this information, Mr Piramal, also stated that the transaction is most likely to be closed by July 30, but still subject to some regulatory approvals. Though it is quite successful today, it also had some problems in the past where it sold its domestic medicines business in 2010 to Abbott for Rs 17,000 crore.

But this decision, make a good impact to the company where it was able to get back on track and had acquired Bayer’s molecular imaging portfolio just last month.

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