Experian completes acquisition of Passport Health Comms

21st Nov 2013 10:14

Global information services company Experian has completed its acquisition of Passport Health Communications after receiving the necessary approvals. Earlier this month the company announced its intention to acquire the provider of data, analytics and software in the US healthcare payments market for $850m.Broker Jefferies International previously said: "Although the Passport Health Communications transaction should be EPS accretive [by 1.5%], we believe EBITA needs to increase from $30m to $80m to cover its cost of capital."The consideration equated to seven times forecast sales for 2013. NR