Citing economic conditions, Thomson Reuters has suspended efforts to sell its health care business lines.
The New York-based vendor announced in June 2011 it would divest its health operations and use the proceeds to invest in its core markets including legal, tax and accounting, science and intellectual property, financial services, and media. In a Dec. 22 statement, Thomson Reuters said global economic conditions have become more challenging and does not envision getting an offer of fair value for the health business. “Thomson Reuters is committed to continuing to invest in and grow the health care business until improved market conditions allow the company to complete a divestiture at attractive terms.”
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