Fitch: Verisk unaffected

Fitch Ratings said its ratings on Verisk Analytics, Inc. and Insurance Services Office, Inc., a wholly owned subsidiary of Verisk, remain unchanged after Verisk's announcement to acquire MediConnect Global, Inc.

The transaction is valued at $349 million and is expected to close by the end of the month, the agency said, noting that MediConnect will be integrated with the Verisk Health suite of data and products.

The acquisition is consistent with Verisk's strategic plan to grow the company's data and products offerings organically and through acquisitions, Fitch stated.

Verisk plans to fund the acquisition using a combination of $149 million cash and borrowings under its credit facility of $200 million, the agency added.

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