TPG, Leonard Green-backed IMS Health files for $100m IPO


tooth teeth scan medical healthcarePrivate equity-backed healthcare data business IMS Health has filed to raise up to $100m through an IPO.

AltAssets reported last month that the company had hired JPMorgan Chase to run the public listing, which would provide an exit opportunity for backers TPG Capital, the Canada Pension Plan Investment Board and Leonard Green & Partners.

The trio bought IMS Health in a $5.2bn take-private deal including debt in 2010.

It has picked up 11 add-on companies since its 2010 buyout, five in the last year alone.

The company currently has more than 5,000 clients across 100 countries according to its website.

IMS said it planned to list on the New York Stock Exchange under the IMS ticker, with proceeds going towards debt refinancing and general corporate purposes.

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