Credit reporting agency TransUnion said on Tuesday it will sell its unit TransUnion Healthcare to private equity firm Clearlake Capital Group-backed nThrive in a $1.74 billion all-cash deal, Reuters reports.
The deal is expected to close in the fourth quarter this year.
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. Read more.
