Sullivan Aids Veritas In $1.3B Thomson Reuters Data Unit Buy

Law360, New York (April 23, 2012, 1:45 PM EDT) -- Struggling Thomson Reuters Corp. has sold its health care data and analytics business to an affiliate of private equity firm Veritas Capital for $1.25 billion in cash, the company announced Monday.

The sale of the unit, which provides up-to-the-minute data to hospitals, government agencies and other health professionals, has been in the works since last year but was delayed by tough market conditions.

Veritas Capital, a government- and business-focused firm that has made some of its splashiest deals in the defense and aerospace sector, said the...
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