Wolters Kluwer Tax, Accounting & Legal, a division of Wolters Kluwer, has announced that is has acquired the assets of Best Case Solutions, Inc. and that the company's Best Case Bankruptcy software and services will become part of the Wolters Kluwer Law & Business unit. Terms of the agreement were not disclosed. Wolters Kluwer Law & Business is a provider of research products and workflow tools in specialty areas for legal and business professionals.
Wolters Kluwer has also announced it has completed the acquisition of the NDCHealth Information Management Business. The Information Management business is now a part of Wolters Kluwer Health's Pharma Solutions unit and all IM products are adopting the brand name Source. NDCHealth Information Management's 384 employees are now a part of Wolters Kluwer Health's Pharma Solutions unit.
The acquisition took place at the agreed-upon purchase price of $382 million, paid in cash. This represents approximately a multiple of 2.3 times the IM group's anticipated 2005 revenues, and 10.6 times its adjusted EBITDA1. The acquisition is expected to be accretive to ordinary earnings per share in 2006 by approximately 3 Euro cents. Wolters Kluwer acquired NDCHealth Information Management from NDCHealth Corporation. The remainder of NDCHealth was secured by Per-Se Technologies.
(www.wolterskluwer.com; www.bestcase.com; www.ndchealth.com)