“This acquisition will enable us to create healthcare forecasting models for the first time in Asia,”
Economist Intelligence Unit acquires Clearstate
EIU advances Asia-Pacific presence by purchasing leading healthcare research and insight company
22 June 2012 – for immediate release
London, UK: The EIU Economist Intelligence Unit (EIU) announces today the acquisition of Clearstate, a leading provider of market intelligence on the Asia Pacific healthcare industry with extensive coverage of 14 markets across the region. Clearstate will retain its current business brand, operating within the EIU’s portfolio of companies.
“This acquisition transforms the EIU’s reach and offering in a key sector within major emerging markets,” says Chris Stibbs, CFO of The Economist Group and Managing Director of The Economist Intelligence Unit. “Our healthcare network has now become global, and this is just the first in a series of acquisitions to strategically build this business.”
Clearstate provides data and insight to healthcare and life sciences companies, helping them to better understand the current and potential markets for their products and services.
Clearstate’s clients are primarily manufacturers and include GE Healthcare, Philips Healthcare and Hitachi Medical.
• Clearstate offers market intelligence complimented by strategic advisory services to healthcare companies looking to tap into growth opportunities within Asia Pacific.
• Clearstate offers one of Asia's most thorough and comprehensive source of fact-based in-market data to help medtech clients track their market performances in Asia Pacific.
“This acquisition will enable us to create healthcare forecasting models for the first time in Asia,” continues Chris Stibbs. “We will now take on deeper, more detailed research projects and with Clearstate’s leading experts will ultimately develop a much more competitive offering with an emerging markets focus.”
About the Economist Intelligence Unit
The Economist Intelligence Unit (EIU) is the world's leading resource for economic and business research, forecasting and analysis. It provides accurate and impartial intelligence for companies, government agencies, financial institutions and academic organisations around the globe, inspiring business leaders to act with confidence since 1946. EIU products include its flagship Country Reports service, providing political and economic analysis for 195 countries, and a portfolio of subscription-based data and forecasting services. The company also undertakes bespoke research and analysis projects on individual markets and business sectors. More information is available at www.eiu.com or follow us on www.twitter.com/theeiu
The EIU is headquartered in London, UK, with offices in more than 40 cities and a network of some 650 country experts and analysts worldwide. It operates independently as the business-to-business arm of The Economist Group, the leading source of analysis on international business and world affairs.
About Clearstate Pte Ltd
Clearstate is a market intelligence firm committed to the Healthcare and Life Science domains specifically within the Asia Pacific region. The firm offers strategic advisory and customized primary research solutions to help Healthcare firms understand their current and potential markets, and implement pragmatic and innovative growth strategies within these opaque and challenging markets. For more information about Clearstate, visit its website at www.clearstate.com.
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