THOMSON CORP. BUYS PRIMARK; SEEKS BUYER FOR MEDSTAT UNIT.Preceding the sale of most of its newspapers by a few days, Thomson Corp. (Toronto, ON) acquired Primark Corp. (Waltham, MA) for $38 a share or $842 million in cash and the assumption of $235 million of Primark's debt. Primark supplies financial information, including earnings estimates and research reports to investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. , brokerage houses, money managers and related financial professionals. Its main units include I/B/E/S and I/B/E/S International, Baseline, Disclosure, Datastream, Global Access and Insider-- Scores.com, a Web site that assesses the predictability of insider trades. Earlier this year, Primark sold its Yankee Research Group to Reuters Group for $72.2 million. Thomson properties include a number of units that also offer financial information and services, including First Call/Thomson Financial, American Banker American Banker is a daily newspaper covering the financial services industry. Founded in 1835 and based in New York, American Banker's 70 reporters and editors in six cities monitor developments and breaking news affecting banks. , AutEx, Electronic Settlements Group and Securities Data. Thomson also intends to sell its Medstat Group (Ann Arbor Ann Arbor, city (1990 pop. 109,592), seat of Washtenaw co., S Mich., on the Huron River; inc. 1851. It is a research and educational center, with a large number of government and industrial research and development firms, many in high-technology fields such as , MI), currently part of Thomson's Scientific, Reference and Healthcare group. Medstat Group is a healthcare information company designed to assist clients manage the cost, quality and strategic positioning of health services health services Managed care The benefits covered under a health contract and benefits. The company supplies databases, software applications, consulting and research services to about 1000 U.S.-based corporations, health plans and insurance companies, providers, pharmaceutical companies and government agencies. Thomson chairman Richard Harrington For the German-Canadian photographer, see . Richard Harrington (born 12 March 1975 in Merthyr Tydfil) is a Welsh actor. Harrington has had starring roles in Bleak House and Jimmy McGovern's Gunpowder, Treason & Plot. said that Medstat's "operations do not provide the synergies with our other healthcare information and services businesses," including Physician's Desk Reference Physician's Desk Reference (PDR), n an informational, scientifically validated resource that provides information relating to indications, chemical formulations, actions and potential hazards associated with most medicinal remedies currently being used. , Medical Economics and Micromedex, "that our operating plan calls for." The company hopes to have a deal completed by the end of 2000. |
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