Roche VP raises stake in MedAssurant

Source: Healthcare Digital

Date :17/09/2008 16:59:23

Andre Hoffmann, Vice-President of Roche Holdings AG, is investing US$175 million in US healthcare data analysis company MedAssurant, raising his stake to 15 percent.

The investment means that Hoffmann, who is also joining MedAssurant's board of directors, is now the largest outside shareholder of the company.

"With MedAssurant carrying no long-term debt and no longer seeking growth capital, Hoffmann's purchase of shares ... was designed to preserve optimal flexibility for the company's continued growth," MedAssurant said in a statement.

The company uses data to make treatment of illnesses more efficient and effective.