Thomson Reuters Plans to Sell Healthcare Unit By the End of the Year

You can read below and it appears the company is trying to have a major focus on news coverage and I’m certain healthcare of course will still be covered by they own some other businesses in healthcare, one they bought last year for example called GeneGo Biology and I’m guessing they are part of the division that would be sold.

Thomson Reuters Buys GeneGo Biology Solutions

Also purchased last year was Healthcare Data Management and I am guessing they too are part of the same group with providing analytics and benefit auditing services and there’s a lot companies in that business today as well. If you are like me though I think of Thomson Reuters for their news coverage as they are best known world wide for their core business. BD

Thomson Reuters Buys Healthcare Data Management–Acquiring Some Data Mining Algorithms for Employer Self Insured Plans

Thomson Reuters Corp. (TRI, TRI.T) said it plans to shed its health-care unit, saying the business--while profitable--doesn't fit in with its other segments and would better serve the media company's strategy through a sale.

The company didn't name a prospective buyer or provide a selling price.

Thomson Reuters's improving overall results have been driven by its professional division and markets division, which includes the Reuters news service.

The health-care segment generated about $450 million in revenue last year, but the company said it lacks the global scale of its other units. The company doesn't expect the divestiture to affect its 2011 outlook and said it expects to close the deal by the end of the year.

Thomson Reuters To Put Health-Care Unit On Selling Block - WSJ.com