Reed to buy US healthcare data business to boost Lexis Nexis

Oliver Smith
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EUROPE’S largest media group Reed Elsevier yesterday agreed to buy a US healthcare data firm, in a deal City A.M. understands to be worth around $150m (£95.27m), to boost its Lexis Nexis business in the world’s largest healthcare market.

Health Market Science is data supplier for healthcare profes­sion­als in the US with a vast medical claims database which it uses to crack down on overspending and fraud.

“Doctor, hospital and health system data fuel every aspect of a health insurer’s operations – from claims’ processing to patient satisfaction, doctor participation and fraud detection – having the most current and comprehensive information on healthcare profes­sion­als is key to running an eff­icient healthcare system,” Reed said in a statement.