Thomson Reuters sells healthcare business

Veritas Capital is buying the healthcare business of Thomson Reuters for $1.25 billion.

The Healthcare business provides data, analytics and performance benchmarking solutions and services to hospitals, health systems, employers, health plans, government agencies and healthcare professionals.

'We are proud of our colleagues who built a very strong Healthcare business,' said James C. Smith, chief executive officer of Thomson Reuters. 'I know they will continue to serve their customers with the same high standards under new ownership. With the completion of the divestiture, Thomson Reuters will be even more focused on our core global businesses.'

'We are excited to become part of Veritas Capital. Veritas is committed to helping us continue to grow and expand our business and our customers should expect the same level of high quality services after the transaction closes,' said  Mike Boswood, president of the Healthcare business.