IMS Health, the healthcare data company which last year acquired Seattle-based Appature, has filed to raise up to $100 million in an initial public offering. Danbury, Connecticut-based IMS Health employs 9,300 people, including a growing presence in Seattle, and posted revenue of $2.44 billion in 2012. It has more than 5,000 clients in 100 countries, and showed a cash position of $663 million at the end of September.
IMS Health purchased Seattle startup Appature last March, and at the time we reported that the deal topped $100 million.
Today’s SEC filing by IMS Health does not pinpoint the exact amount, though the company did disclose that it paid a total of $105 million for seven businesses during the first nine months of 2013. Those businesses included Appature, as well as Vedere Group Limited; Semantelli; 360 Vantage; Incential Software, Inc.; Diversinet Corp.; and the consumer health business of Nielsen Holdings N.V. IMS Health also incurred $6 million in acquisition-related costs.
IMS was purchased by the private equity firm TPG, CPP and others in 2009 for $5.2 billion. TPG owns 62 percent of the company, while CPP owns 26 percent.
Editor’s note: IMS Health is a GeekWire annual sponsor.
