BRIEF-Morgan Stanley reports 5.2 pct passive stake in Twilio
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NEW YORK, April 23 News and information company Thomson Reuters Corp said on Monday it will sell its healthcare business to private equity firm Veritas Capital for $1.25 billion in cash.
Thomson Reuters' Healthcare business provides data, analytics and other services to hospitals, government agencies and healthcare professionals to help them identify savings and improve efficiency.
The sale, subject to regulatory approval, is expected to close in the next few months, Thomson Reuters said in a statement.
"With the completion of the divestiture, Thomson Reuters will be even more focused on our core global businesses," Chief Executive Jim Smith said in the statement.
Veritas Capital has obtained debt financing commitments for the transaction, which is not subject to any financing condition.
Morgan Stanley and Allen & Company are acting as financial advisors to Thomson Reuters on the proposed divestiture. Covington & Burling LLP is acting as legal counsel.
* Anson Funds Management LP reports 6.5 percent passive stake in Inventergy Global Inc as of October 11 - SEC filing Source text: [http://bit.ly/2eqvUXw] Further company coverage:
Oct 21 EQT on Friday closed its acquisition of Press Ganey Holdings Inc, a provider of patient satisfaction surveys, giving the Swedish buyout firm its first foothold in the U.S. healthcare market, the company said.