Crain's Detroit Business
By Jay Greene
A 19.3 percent profit margin apparently wasn't enough for Thomson Reuters to keep its Ann Arbor-based health care information business.
Last week, New York-based Thomson Reuters (TSX/NYSE: TRI) put its health care division up for sale for an unspecified price.
"There are other parts of the business that have higher margins and are growing at faster rates than health care," said Calvin Mitchell, global head of corporate affairs for Thomson Reuters.
In 2010, Thomson Reuters' health care business posted revenue of about $450 million, the company said. The division provides data, analytics and performance benchmarking and services to companies, government agencies and health care professionals.