Experian PLC, which has its North American operations headquartered in Costa Mesa, said last week that it was buying Medical Present Value Inc. for $185 million.
Austin, Texas-based Medical Present Value is a venture-backed company that makes software to automate and analyze revenue collection from patients, insurers and government programs. It serves more than 75,000 large doctors’ groups.
Experian provides credit reports and other data. It has its on-the-books headquarters in Dublin, Ireland, but largely operates from Britain.
The deal expands Experian’s healthcare business, which had been centered on managing patients’ payments to hospitals.
Medical Present Value immediately will become part of Experian. Its operations will remain in Austin, San Antonio and Plymouth, Mass.
Experian had annual revenue of $4.2 billion through the end of March and employs 15,000 people in about 40 countries.
The company trades on the London Stock Exchange and had a recent market value of $7.8 billion.
