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Vestar Capital sells MediMedia USA unit to Icon

Feb 02, 2015 - The Deal Pipeline
Mergers and Acquisitions

Vestar Capital Partners has agreed to sell the MediMedia Pharma Solutions unit of MediMedia USA to Icon plc (ICLR) for $120 million, the buyer said Monday.

Yardley, Pa.-based MediMedia Pharma Solutions includes MediMedia Managed Markets, a provider of payer-validated market access services, and Complete Healthcare Communications, a medical and scientific communication agency.

MediMedia will use proceeds from the deal to reduce debt, according to a person familiar with the transaction...