Business Services Industry
Late News.
Crain's Detroit Business, June, 2000
Thomson decides to sell Ann Arbor-based Medstat Ann Arbor-based Medstat Group is on the block after parent company Thomson Corp. reviewed its health-care information operations. Toronto-based Thomson (TSE: TOC) said last week that it plans to sell Medstat, which sells databases, software, consulting and research services to health-related companies, health plans, insurers and government agencies.
The company said it decided to focus its health care information business on physicians and pharmaceutical companies instead of health plans and other large groups served by Medstat. Thomson did not disclose how much it expects to gain from the sale. It paid about $339 million for the company in 1994. Medstat has more than 750 employees at offices in nine U.S. cities....
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