Experian, an information services vendor, has announced the acquisition of data and software provider Passport Health Communications for $850 million.
The acquisition will significantly expand Experian's product offerings. It will also increase the number of healthcare payment records held by Experian from 1 billion to 4 billion, creating opportunity for the development of new analytic tools.
"With our newly combined product range, we will offer our clients in the U.S. healthcare industry a competitive one-stop-shop to manage risk and to satisfy their payments requirements," said Experian CEO Don Robert in a news release.
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