Mergers and Acquistions News
Categories: IT Services & Consulting, Software
June 28th 2011, 17:21PM
Credit information firm Experian is set to acquire medical payment software specialist Medical Present Value (MPV) in a bid to extend its presence in the US.
The British company has announced that it will purchase MPV for around $185 million (£115.6 million) as it looks to capitalise on the growing demand for payment systems in the US healthcare industry.
Experian, which provides credit reports to consumers, revealed that it would fund the deal from its own cash resources.
"Health care providers in the US face growing challenges when it comes to billing and collecting payments for services," said Dan Johnson, president of Experian's Healthcare Services.
"With the addition of MPV, Experian is able to provide a more comprehensive set of products and services across the healthcare payments life cycle and help clients manage multiple vendors through a single point of contact."
In 2008, Experian made its first move into the US medical sector with the acquisition of software firm Search America. 
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