Experian, the global information services company, has completed the acquisition of Passport Health Communications.
Passport Health Communications is a provider of data, analytics and software in the US healthcare payments market. The purchase price is $850 million. Revenues are largely subscription based. In the year ending 31 December 2013, Passport Health is expected to generate revenue of US$121m, representing organic growth of 23%, and EBIT of US$30m. In the year ending 31 December 2014, Experian expects Passport Health revenue to reach approximately US$145m (of which 84% is already booked and contracted), with EBIT margins in the high twenties.
For more information see Experian acquires Passport Health Communications for $850M – posted on November 6, 2013.
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