Experian Health Care completes $850M acquisition

Nov 25, 2013
Austin Business Journal

Experian Health Care has completed the $850 million acquisition of data and software provider Passport Health. The acquisition adds 2,500 hospitals, 9,000 health care providers and more than 300 million annual health care transactions to Experian’s portfolio

Founded in 1996, Passport Health provides software-as-a-service solutions to hospitals and health care providers to improve business operations and help them secure payment

In June, Experian signed a deal to acquire Austin-based Medical Present Value, Inc. for $185 million. MPV provides web-based revenue cycle solutions to health care industry employers

A division of the global consumer information giant, Experian Health Care employed 39 people locally, according to data provided to the Austin Business Journal as of March 2012. Experian entered the U.S. health care payments market in 2008, with the acquisition of SearchAmerica, which focused on helping hospitals to manage their billings and cash flows. The company merged that business with Medical Present Value, a 2011 acquisition, to create Experian Healthcare, which is expected to generate revenue of $75 million in the fiscal year ending March 2014

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