Business
Thomson Reuters Suspends Sale of Healthcare Business
Thomson Reuters Suspends Sale of Healthcare Business New York, NY US, December 22, 2011 /FSC...
About this update from Thomson Reuters Corporation
[{"type":"text","content":"\nThomson Reuters Suspends Sale of Healthcare Business\n\nThomson Reuters Suspends Sale of Healthcare Business\nNew York, NY US, December 22, 2011 /FSC/ - Thomson Reuters Corp. (TSX/NYSE - TRI),the world's leading source of intelligent information for businesses and professionals, today announced that it has suspended the divestiture process for its Healthcare business. \nSince announcing the planned divestiture in June, global economic conditions have become more challenging and the company believes they are not conducive to concluding a transaction that reflects the fair value of the Healthcare business at this time. Thomson Reuters is committed to continuing to invest in and grow the Healthcare business until improved market conditions allow the company to complete a divestiture at attractive terms. \nThe Healthcare business continues to perform well with strong revenue growth and expanding margins. The current organization and structure remain in place and the focus on serving customer needs is unchanged. The results of the Healthcare business will continue to be included within \"Other Businesses\" in Thomson Reuters financial statements.\nThomson Reuters\nThomson Reuters is the world's leading source of intelligent information for businesses and professionals.  We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 55,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI).  For more information, go to http://thomsonreuters.com.\nSPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS\nCertain statements in this news release about the Healthcare business and Thomson Reuters expectations regarding a future sale of the business are forward-looking. These forward-looking statements are based on certain assumptions and reflect the company's current expectations. As a result, forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from...