Experian, is pleased to announce that it has signed a definitive agreement to acquire Medical Present Value, Inc. (MPV), a leading provider of data, analytics and software in the US healthcare payments market. The purchase price is US$185m which will be funded from Experian’s existing cash resources. The transaction is subject to customary US regulatory approval.
Founded in 1998, MPV is a leading provider of data and software to over 75,000 US physicians. Its products are used by healthcare providers to manage payments between patients, commercial payers (such as insurance companies) and government programmes. MPV’s products help to establish patients’ eligibility for insurance or financial assistance, settle patient out-of-pocket expenses at the point of service and improve collections.
Source: Experian Press Release