(Source: Business Wire)

IMS Health (NYSE: RX), the world's leading provider of market
intelligence to the pharmaceutical and healthcare industries, today
announced that it has entered into a definitive agreement to be acquired
by investment funds managed by TPG Capital ("TPG") and the CPP
Investment Board ("CPPIB") in a transaction with a total value of $5.2
billion, including the assumption of debt.
The agreement was unanimously approved by the IMS Board of Directors
based upon the recommendation of the Transaction Committee that was
established to undertake a review of IMS's strategic alternatives. Under
the agreement, IMS shareholders will receive $22.00 cash for each share
of IMS common stock they own, representing a premium of approximately 50
percent over the closing share price on Friday, October 16, 2009, the
last trading day prior to public speculation that IMS was considering
its strategic alternatives.
The transaction has fully committed financing, consisting of a
combination of equity to be invested by TPG and CPPIB and debt financing
to be provided by certain affiliates of Goldman, Sachs &Co.,
includingits principal loan and mezzanine funds.
"This transaction enables our shareholders to realize substantial value
from their investment in IMS with an immediate cash premium, while at
the same time strengthening our position to capture long-term growth
opportunities," said IMS Chairman and CEO David R. Carlucci. "With the
backing of world-class private equity partners, we will continue our
focus on expanding into new markets, further improving the quality and
depth of offerings we deliver to our clients, and playing a bigger role
in the healthcare market."
"IMS Health has consistently demonstrated it is the definitive source
ofcritical data and servicesto the evolving healthcare industry,"said
Jonathan Coslet, Senior Partner, TPG."We are pleased to join with our
long-time partner, CPP Investment Board, and a talented management team
to continue the growth of this outstanding franchise."
"We are pleased to make a significant investment in IMS Health which is
the market leader in its industry with a strong customer base," said
Mark Wiseman, Senior Vice President, Private Investments, for CPP
Investment Board. "CPPIB and TPG are like-minded, long-term investors
and we look forward to working together and in partnership with
management to help grow the business."
Completion of the transaction is subject to approval of IMS
shareholders, regulatory approvals and customary closing conditions and
is expected to occur by the end of the first quarter of 2010.
Foros Securities LLC acted as financial advisor to the Transaction
Committee of the Board. Lazard rendered a fairness opinion to the
Transaction Committee. Morris, Nichols, Arsht & Tunnell LLP acted as
legal advisor to the Transaction Committee.
Deutsche Bank Securities Inc. acted as financial advisor to the Company,
and Sullivan & Cromwell LLP acted as legal advisor to the Company.
Goldman, Sachs & Co., BofA Merrill Lynch, Barclays Capital, Evercore
Partners, and J.P. Morgan acted as financial advisors to TPG and CPPIB.
Ropes & Gray LLP acted as legal advisor to TPG and CPPIB.