IMS Health
 | |
| Type | Private |
|---|---|
| Industry |
Healthcare, Information Services, Technology |
| Founded | 1954 |
| Headquarters | Danbury, Connecticut |
| Key people | Ari Bousbib, CEO |
| Products | Healthcare Measurement, Analytics & Services, Consulting |
| Owner(s) |
TPG Capital CPP Investment Board Leonard Green & Partners |
| Employees | 9000+ |
| Website | www.imshealth.com |
IMS Health is a company that provides information, services and technology for the healthcare industry. It is the largest vendor of U.S. physician prescribing data.[1][2][3] IMS Health was founded in 1954 by Bill Frohlich and David Dubow. In 2010, IMS Health was taken private by TPG Capital, CPP Investment Board and Leonard Green & Partners.[4] Ari Bousbib is IMS Health’s Chairman and Chief Executive Officer. Bousbib, a long-time senior executive at United Technologies Corporation,[5] joined the company in September 2010.[6] IMS Health is headquartered in Danbury, CT.
Business model
IMS Health Holdings Inc. reported earning $2 billion in the first nine months of 2013, with much of that raised by selling data collected from pharmacies to pharmaceutical and biotech companies.[7]
IMS Health’s products and services are used by companies to develop commercialization plans[8] and portfolio strategies,[9] to select patient and physician populations[10] for specific therapies, and to measure the effectiveness of pharmaceutical marketing and sales resources. The firm uses its own data to produce syndicated reports such as market forecasts and market intelligence.
History and acquisitions
The original name of the company was Intercontinental Marketing Services, hence the IMS name. IMS Health's corporate headquarters is located in Danbury, Connecticut, USA. The company's chairman and chief executive officer is Ari Bousbib.
- In 2002, IMS Health acquired Cambridge Pharma Consultancy, a privately held international firm that provides strategic advice to pharmaceutical management.
- In 2003, acquired Marketing Initiatives, a specialist in healthcare facility profile data, and Data Niche Associates, a provider of rebate validation services for Medicaid and managed care.
- In 2004, United Research China Shanghai was acquired, providing coverage of China’s consumer health market.
- In 2005, acquired PharMetrics, a U.S. provider of patient-centric integrated claims data.
- In 2006, acquired the Life Sciences practice of Strategic Decisions Group, a portfolio strategy consultant to the life sciences industry.
- In 2007, IMS Health acquired IHS and MedInitiatives, providers of healthcare data management analytics and technology services. That same year, ValueMedics Research was acquired, extending IMS Health’s health economics and outcomes research capabilities.
- In 2007, ranked in The Business Week 50. This list represents "best in class" companies from the ten economic sectors that make up the S&P 500.[11]
- In 2008, named to the World’s Most Admired Companies list by Fortune (magazine). The company received the recognition again in 2010.
- In 2008, acquired RMBC, a provider of national pharmaceutical market intelligence and analytics in Russia.
- In 2008, acquired the Skura professional services group, based out of Mississauga,ON Canada and specialized in data integration, consulting and services in business intelligence platforms to pharmaceutical and healthcare clients in North America and Europe.
- In 2009, named to the Dow Jones Sustainability North America Index in recognition of the company’s economic, environmental and social performance among the largest 600 North American companies.
- In February 2010, IMS Health was taken private by TPG Capital, CPP Investment Board, and Leonard Green & Partners.[12]
- In 2010, acquired Brogan, Inc., a privately held market research and consulting firm serving the Canada healthcare market.
- In 2011, expanded its specialty and patient-level data assets in the U.S. with the acquisition of SDI Health. Also that year, the company acquired Ardentia Ltd in the U.K., and Med-Vantage in the U.S. to build on its payer services in those markets.
- In 2012, acquired PharmARC Analytic Solutions Pvt. Ltd, a Bangalore based analytic services company.
- For 2012, the firm was rated as #2 in Vault's 'Pharmaceutical & Healthcare Consulting Companies' 2012 rankings.[13]
- In 2012, acquired DecisionView, a software solutions company that helps life sciences organizations plan and track patient enrollment for clinical trials[14] and TTC,[15] a benchmarking solutions and analytics company that helps clients plan for and negotiate the costs of clinical trials. Also in 2012, the company purchased PharmaDeals Ltd.,[16] a provider of online information about business transactions, licensing, and mergers & acquisitions activity within the pharmaceutical industry.
- In 2013, acquired several companies to expand its portfolio of SaaS products: Incential Software, a provider of sales performance management technology services; 360 Vantage, which delivers multi-channel CRM software capabilities; Appature, which offers a relationship marketing platform; and Semantelli, a provider of social media analytics for the global healthcare industry.
Industry rankings
In 2013, the firm was included on IDC Health Insights’ list of top life science Information technology vendors [17] The ranking is based on the global market intelligence firm’s survey of 102 industry leaders on their planned IT spend:
IDC Health Insights' Top Preferred Life Science Technology Vendors for 2012
Table 1: Top Life Science Vendors, 2012
| Hardware | Software | IT Services | ||||
|---|---|---|---|---|---|---|
| Ranking | Vendor | % of respondents | Vendor | % of respondents | Vendor | % of respondents |
| 1 | Dell | 55.0 | Oracle | 33.0 | Accenture | 14.0 |
| 2 | Apple | 44.0 | SAP | 22.0 | IBM | 11.0 |
| 3 | IBM | 39.0 | Symantec | 19.0 | Cognizant | 7.0 |
| 4 | Cisco | 27.0 | SAS | 14.0 | Capgemini | 3.5 |
| 5 | Intel | 22.0 | IBM | 14.0 | TCS | 3.0 |
| 6 | EMC | 14.0 | Microsoft | 12.0 | IMS Health | 3.0 |
| 7 | Sun | 12.0 | Apple | 11.0 | Infosys | 3.0 |
| 8 | Siemens | 10.0 | Veeva | 10.0 | HCL | 2.0 |
Top 10 Global Research Organizations
>
>| Rank | Company | 2011 Research-only revenue (US$ Millions) | % Change from 2010 |
|---|---|---|---|
| 1 | Nielsen Holdings N.V. | 5,353.0 | 4.8 |
| 2 | Kantar | 3,331.8 | 0.8 |
| 3 | Ipsos SA | 2,495.0 | 2.9 |
| 4 | GFK SE | 1,914.0 | 5.8 |
| 5 | SymphonyIRI Group, Inc. | 764.2 | 3.2 |
| 6 | IMS Health Inc. | 750.0 | 4.5 |
| 7 | Westat Inc. | 506.5 | 11.2 |
| 8 | INTAG Inc. | 459.9 | -0.2 |
| 9 | Arbitron | 422.3 | 6.4 |
| 10 | The NPD Group Inc. | 265.3 | 9.9 |
Controversy
Throughout its history, IMS Health's business of collecting partially anonymized pharmaceutical sales data has come under scrutiny from both the media and the legal system[19].
IMS Health v. Ayotte was a free speech case involving IMS Health.[20][21][22]
Sorrell v. IMS Health was a case about privacy.[23][24]
References
- ↑ Steinbrook, R (Jun 29, 2006). "For sale: physicians' prescribing data.". The New England journal of medicine 354 (26): 2745–7. PMID 16807410.
- ↑ Fugh-Berman, A (August 2008). "Prescription tracking and public health.". Journal of general internal medicine 23 (8): 1277–80. PMID 18473146.
- ↑ Fugh-Berman, A; Ahari, S (April 2007). "Following the script: how drug reps make friends and influence doctors.". PLoS medicine 4 (4): e150. PMID 17455991.
- ↑ "IMS Health sold to TPG, CPPIB, LG&P"
- ↑ "CEO's of Tomorrow"
- ↑ http://www.businessweek.com/magazine/content/10_36/b4193016891032.htm
- ↑ Ornstein, Charles (10 January 2014). "Big Data + Big Pharma = Big Money". portside.org. Retrieved 5 February 2014.
- ↑ Drive to Develop New Commercial Models.pdf "The Drive to Develop New Commercial Models"
- ↑ in the News/Documents/Kleinrock, 2011 CA Biomed Industry Report_FINAL.pdf "CA Biomed Industry Report"
- ↑ Market Maps TL.pdf "Patient Market Maps"
- ↑ "The Business Week 50" Bloomberg Business Week, Accessed 20 October 2010
- ↑ "TPG and Pension Plan to Buy IMS Health" New York Times Deal Book, 5 November 2009
- ↑ "Consulting Firm Rankings 2012: The Best Firms in Each Practice Area: Pharmaceutical & Health Care Consulting Vault Consulting Firm Rankings 2012. Accessed 4 October, 2011"
- ↑ "IMS Health to buy clinical trials software company DecisionView"
- ↑ "IMS Health Acquires TTC, Strengthening Pharma R&D Services Capabilities"
- ↑ "IMS Health Expands Suite of Syndicated, Web-based Analytics With Acquisition of PharmaDeals Ltd."
- ↑ "Perspective: IDC Health Insights' Top Preferred Life Science Technology Vendors for 2013"
- ↑ "2012 Honomichl Global Top 25 Research Report"
- ↑ Forbes "Company that Knows What Drugs Everyone Takes Going Public" http://www.forbes.com/sites/adamtanner/2014/01/06/company-that-knows-what-drugs-everyone-takes-going-public/
- ↑ Baxter, Alexander D. "IMS Health v. Ayotte: A New Direction on Commercial Speech Cases". Berkeley Technology Law Journal 25 (1): 649-670. Retrieved 5 February 2014.
- ↑ Shapiro, Ilya (28 April 2009). "IMS Health v. Ayotte | Cato Institute". cato.org. Cato Institute. Retrieved 5 February 2014.
- ↑ Bibet-Kalinyak, Isabelle (2012). "Critical Analysis of Sorrell v. IMS Health, Inc.: Pandora's Box at Best". Food & Drug L.J. 67: 191.
- ↑ Bhagwat, Ashutosh Avinash (19 December 2011). "Sorrell v. IMS Health: Details, Detailing, and the Death of Privacy". Vermont Law Review 36: 855–880. Retrieved 5 February 2014.
- ↑ Raskin, Jamie. "Doctors Lose, Pharmaceutical Companies Win: In Sorrell v. IMS Health Inc., the Court Uses the First Amendment to Revive the Lochner Era". The Citizens United Era: How the Supreme Court Continues to Put Business First. People for the American Way. Retrieved 5 February 2014.
External links
| ||||||||||||||