Mumbai: Piramal Healthcare Ltd will buy US-based healthacre information company Decision Resources Group for Rs 3,400 crore, said Ajay Piramal, chairman of Piramal Healthcare.
A file photo of Ajai Piramal.
The deal, which will be concluded by the end of June, marks the entry of Piramal Group into the $5.7 billion global healthcare information industry.
Decision Resources is currently owned by private equity firm Providence Equity Partners.
The deal is part of Piramal Healthcare’s diversification plan following the sale of its core domestic drug formulation business in 2010.