British credit information firm Experian is buying medical payments specialist Medical Present Value for $185 million (€129.7 million) in cash to tap growing demand for payment administration systems in the US medical sector.

Experian, best known for running consumer credit checks for banks and retailers, said it would fund the deal from its own cash resources.

The takeover, Experian's second in the US medical payments industry after its 2008 acquisition of software firm Search America, will help the group exploit growing demand among US doctors for billing administration systems as increasingly complex regulations prompt frequent changes to patients' healthcare plans.

Reuters