US based healthcare information management firm, Decision Resources Group (DRG), was acquired by Piramal Healthcare for around$635 million.  
 
 Commenting on the acquisition, Ajay Piramal, Chairman of Piramal Healthcare said it would continue DRG’s leadership position in the healthcare information and analytics industry. 
 
 He said the global healthcare industry is facing several challenges including rising research costs, lower drug approval rates, mounting regulatory pressures and increasingly complex reimbursement models.
 
 DRG’s portfolio of products is widely regarded as the gold standard of information and Piramal Healthcare will leverage its longstanding reputation and relationships with global pharma companies, its knowledge of emerging markets as well as its track record of successful acquisitions, Piramal said. 
 
 DRG provides high quality, web-enabled research, predictive analytics via proprietary databases and consulting services to the global healthcare industry. With 20 percent CAGR for the last five years, it is one of the fastest growing companies in the $5.7 billion global healthcare information industry.