Credit reporting and marketing services firm Experian, which has dabbled in the health information technology arena for about five years, now has jumped in with a definitive agreement to buy revenue cycle management vendor Passport Health Communications for $850 million.
The price tag is high considering Experian expects Passport Health will have 2013 revenue of $121 million with earnings before interest and tax of $30 million, and revenue increasing to $145 million in 2014.
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