May 26, 2016
Integrating innovative data privacy expertise with a global healthcare information & technology service leader, strengthening and driving Ontario’s digital healthcare security footprint
TORONTO, May 26, 2016 /CNW/ – FACIT is pleased to announce that IMS Health (NYSE: IMS) has acquired privately-held Privacy Analytics Inc., a FACIT portfolio company. The transaction combines Privacy Analytics’ leading edge expertise in health data anonymization and de-identification with IMS Health’s broad range of healthcare information, technology and services solutions, particularly its Real-World Evidence (RWE) capabilities. IMS Health’s mission-critical anonymous information and technical strength in providing its life sciences clients with R&D and commercial solutions positions Privacy Analytics to continue to expand its suite of innovative data governance software and expertise on a global scale. Reflecting Ontario’s innovative strength and expertise in healthcare technologies, the acquisition also allows Privacy Analytics to maintain a strong presence within the province, with solutions continued to be offered to the market, Privacy Analytics and IMS Health clients as an independent suite of products. Terms of the transaction have not been disclosed.
With its long-standing practices for safeguarding patient privacy, IMS Health’s global expertise in developing and providing secure connected healthcare provides a vision and growth strategy that is aligned well with Privacy Analytics’ scalable de-identification software and services. This expertise will be leveraged to help develop innovative approaches and enhance the usability as well as value of complex, real-world health data globally. In turn, both Privacy Analytics and IMS Health’s capabilities in providing leading solutions in responsible data management and commercial execution in the life sciences are strengthened.
“As the Privacy Analytics’ first seed investor, FACIT is pleased to have been able to support Privacy Analytics and help drive forward its novel de-identification technology platform in an era and sector associated with critically stringent requirements to protect patient data,” said Jeff Courtney, FACIT’s Chief Commercial Officer. “We congratulate Dr. El Emam and his team at Privacy Analytics on this important milestone and look forward to the continued development of its innovative technology with their new partners at IMS Health.”