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IQV - IQVIA Holdings Inc News Story

$234.45 3.2  1.4%

Last Trade - 3:04pm

Sector
Healthcare
Size
Large Cap
Market Cap £31.92bn
Enterprise Value £39.20bn
Revenue £8.65bn
Position in Universe 285th / 6854

BRIEF-Iqvia Acquires Remaining Interest In Q2 Solutions From Quest Diagnostics

Thu 1st April, 2021 12:31pm
April 1 (Reuters) - Iqvia Holdings Inc  IQV.N :
    * IQVIA ACQUIRES REMAINING INTEREST IN Q2 SOLUTIONS FROM
QUEST
DIAGNOSTICS; RAISES FULL YEAR 2021 ADJUSTED DILUTED EPS GUIDANCE
    * ANNOUNCED ACQUISITION OF 40 PERCENT MINORITY SHARE OF Q(2)
SOLUTIONS FROM QUEST DIAGNOSTICS FOR $760 MILLION
    * TRANSACTION HAS BEEN FINANCED THROUGH CASH ON HAND
    * TRANSACTION IS NOT EXPECTED TO IMPACT IQVIA'S TARGET NET
LEVERAGE RATIO
    * TRANSACTION IS EXPECTED TO BE APPROXIMATELY $0.12
ACCRETIVE TO
IQVIA'S 2021 ADJUSTED DILUTED EPS
    * TRANSACTION IS EXPECTED TO BE AT LEAST $0.18 ACCRETIVE TO
2022
ADJUSTED DILUTED EPS
    * SEES 2021 ADJUSTED DILUTED EPS $7.89 - $8.20
    * FY2021 EARNINGS PER SHARE VIEW $7.98 -- REFINITIV IBES
DATA

Source text for Eikon:  ID:nBw1HPhJHa 
Further company coverage:  IQV.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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