Oct 26 (Reuters) - Credit reporting agency TransUnion
said on Tuesday it will sell its unit TransUnion
Healthcare to private equity firm Clearlake Capital Group-backed
nThrive Inc in a $1.74 billion all-cash deal.
The deal, which is expected to close in the fourth quarter
this year, will let TransUnion focus on its core businesses of
credit, marketing and fraud mitigation solutions, the company
Chicago-based TransUnion said the deal is expected to bring
in $1.4 billion in after-tax proceeds, which will be used to
fund future acquisitions.
"The transaction will also allow TransUnion Healthcare to
benefit from ownership whose priorities and expertise are solely
focused on healthcare revenue cycle management," TransUnion
Chief Executive Officer Chris Cartwright said.
The announcement comes more than a month after TransUnion
said it would buy information services company Neustar https://www.reuters.com/article/neustar-ma-transunion-idUSL1N2QF05B
for $3.1 billion, to expand into digital marketing and fraud
Clearlake said it will combine the newly acquired unit with
nThrive, its healthcare-focused software company.
(Reporting by Niket Nishant in Bengaluru; Editing by Shounak