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Omnicom Health Group to buy pharma communications business

Omnicom Group Inc. unit Omnicom Health Group agreed to buy Elsevier's pharma communications business in Japan. Elsevier is part of London-based RELX Group.

The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2018. The acquired business and employees will become part of a newly named healthcare marketing communications agency, EMC K.K.

The acquired unit's management team also joins EMC, with Takao Ozawa taking the position of managing director, the company said March 27.

Omnicom Health Group is a healthcare marketing and communication group. RELX Group is a global provider of information and analytics for professional and business customers across industries.