Founded in 1998, MPV provides data, analytics and software in the US healthcare payments market. Its products are used by healthcare providers to manage payments between patients, commercial payers and government programmes.
According to a statement the acquisition of MPV expands London-headquartered Experian’s market to include large physician practices and will also create synergies with the full healthcare payments lifecycle. The buy is said to be complementary to its 2008 purchase of SearchAmerica.
Experian says that Healthcare providers in the US face growing challenges in billing, coding and collecting for healthcare services. In turn this is causing healthcare professionals to make more use of data and analytics in order to manage their billings.
The deal achieves an exit for investors including Rho Ventures, Centrepoint Ventures and MPV employees and management.
The acquisition is the first for Experian since its May purchase of Colombian business Computec S.A. The $404 million purchase brought to Experian a company which provides credit services and outsource document services to business-to-business clients such as document design, production and delivery.
Experian reported revenues of $4.2 billion for the year to date 31 March 2011, and employs 15,000 people in 41 countries.