Thomson Reuters puts health unit back on the block

More than one bidder is vying for the unit, which provides data, analytics and other services related to the industry to companies, government agencies and healthcare professionals, one of the sources told Reuters. A price of $1 billion has been mentioned.

India’s Infosys Technologies had been reported close to a deal worth up to $750 million when it was pulled three months ago. That would have been only half of the high end of the $1 billion to $1.5 billion analysts had said was possible.

Several new bidders, including private equity firms, have emerged and it appears Thomson Reuters will be able to secure the valuation it was looking for before suspending the sale last year, Reuters quoted one of its source as saying. ■