Experian concludes healthy US buy
Nottingham-based data provider Experian has acquired Medical Present Value (MPV), a US data and software provider, for $185m (£115.7m).
MPV, which is based in Austin, Texas, provides data, analytics and software in the US healthcare payments market.
The company is being acquired from investors, including Rho Ventures and Centerpoint Ventures, and MPV employees and management. The staff will remain with the business, Experian confirmed.
Experian entered the US healthcare payments sector in 2008 with the acquisition of SearchAmerica.
The assets acquired from MPV will form part of Experian's North America Credit Services division.
In the year to 31 December 2012, Experian said it expects MPV to deliver about $45m of revenue.
The acquisition, which is subject to customary US regulatory approval, will be funded from Experian's existing cash resources.
