TransUnion has agreed to acquire a healthcare technology company and a fraud and identity solutions provider in two separate deals.
The purchase of Healthcare Payment Specialists, LLC would boost the company's revenue protection solutions business, the company said. Healthcare Payment Specialists helps healthcare providers optimize Medicare reimbursement.
In the other deal, TransUnion is buying iovation Inc., which offers real-time fraud prevention products, a risk-based dynamic authentication suite, and a global consortium of shared fraud insights that deliver risk decisions in milliseconds.
Both deals are subject to regulatory approvals and their financial terms were not disclosed. The acquisition of iovation is expected to close late in the second quarter or early in the third quarter, while the Healthcare Payment acquisition is anticipated to close in the second quarter.
TransUnion was advised on the transaction by Baird.
