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CGM Congoleum Corp

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Congoleum Corp AMEX:CGM AMEX Ordinary Share
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Cegedim Completes Disposal of the CRM and Strategic Data Division to IMS Health

01/04/2015 10:00pm

Business Wire


Congoleum (AMEX:CGM)
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  • Timetable respected
  • Estimated selling price of €396 million1
  • It will be used to repay debt

Regulatory News:

Cegedim, a technology and services company committed to innovation announced today the completion of the disposal of its CRM and Strategic Data division to IMS Health as announced last October.

The estimated selling price, determined in accordance with October 2014 agreements amounts to €396 million1 .

This disposal allows the Group to refocus on and develop its software and databases for healthcare professionals and health insurance companies, and its fast-growing multi-industry activities such as e-business, e-collaboration and outsourced payroll and HR management.

The closing also enable Cegedim to continue its deleveraging. Indeed, the proceeds will be used to repay debt, thus reinforcing its balance sheet and provide greater financial flexibility.

Additional information

Complete financial information is available on our website: www.cegedim.com/finance.

This information is also available on Cegedim IR, the Group’s financial communications app for smartphones and iOS and Android tablets. To download the app, visit: http://www.cegedim.fr/finance/profil/Pages/CegedimIR.aspx.

          About Cegedim:      

Founded in 1969, Cegedim is a technology and services company committed to innovation. Cegedim supplies services, technological tools, specialized software, data flow management services and databases. Its offerings are targeted notably at healthcare professionals, healthcare industries, life science companies, and health insurance companies. Cegedim generated €494 million of revenue from continuing activities in 2014 and employs 3,500 people in 11 countries. Cegedim SA is listed in Paris (EURONEXT: CGM).

To learn more, please visit: www.cegedim.com

And follow Cegedim on Twitter: @CegedimGroup

1 This estimated amount is subject to contradictory review on the basis of March 31st, 2015 accounts to be prepared within 90 business days.

CegedimMedia RelationsAude BALLEYDIER, +33 (0)1 49 09 68 81aude.balleydier@cegedim.frorInvestor RelationsJan Eryk UMIASTOWSKI, +33 (0)1 49 09 33 36Chief investment Officerinvestor.relations@cegedim.frorPRPA AgencyPress RelationsGuillaume DE CHAMISSO, +33 (0)1 77 35 60 99guillaume.dechamisso@prpa.fr

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