Experian has announced plans to buy U.S. healthcare data firm Passport Health Communications for $850 million, continuing a push to expand and invest in new products.
Experian recently reported a 2% rise in first-half pretax profit to $573 million. Revenue from continuing businesses rose 6%. The company expects organic revenue growth to be in a similar range as in the first half, with a slim margin improvement in the full year.
Experian first entered the U.S. healthcare payments market five years ago and steadily has expanded its position through investment and acquisition.
The purchase is subject to regulatory approval and will be funded from Experian's current bank facilities.