On November 20, 2013, Passport Health Communications, Inc., was acquired in an $850 million transaction by Experian plc, the London-based information services company. Waller represented Passport– a longtime client – in the transaction.
Founded in 1996 and headquartered in Franklin, Tenn., Passport serves more than 2,500+ hospitals in addition to more than 9,000+ physicians, clinics and ancillary offices across all 50 states. The company processes more than 400 million transactions annually through its Passport eCare® brand of patient access and payment certainty solutions for the revenue cycle. Passport was ranked the nation’s third largest revenue cycle management company by Modern Healthcare earlier in 2013, and with the acquisition Experian is now an industry leader in this rapidly expanding market segment.