Fair Isaac Acquires Diversified HealthCare

From Dow Jones/Associated Press

Fair Isaac Corp. purchased Diversified HealthCare Services Inc. in a deal that Fair Isaac expects will add $20 million to fiscal 2004 revenue, the company said.

Terms weren't disclosed.

San Ramon, Calif.-based Diversified provides medical bill review products and services for workers' compensation insurers.

A survey of six analysts by Thomson First Call projects Fair Isaac will have $722 million in revenue for the fiscal year ending September 2004.

Fair Isaac shares rose 51 cents to $59.20 on the NYSE.

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