Contact:
Dave Mooney
Public Affairs, Equifax
404-885-8117 (o)
770-985-4418 (h)
EQUIFAX ACQUIRES HLS FINANCIAL GROUP INC.
ATLANTA, April 9, 1997 -- Equifax today announced it had completed its acquisition of the HLS Financial Group Inc., of Houston, Texas, from HHL Financial Services Inc., in New York.
HLS is a leading provider of extended business office management services to hospitals and health care providers throughout the U.S. Plans call for a seamless transition with HLS's 200 employees remaining with the company, which will become part of Equifax Risk Management Services, headquartered in Atlanta.
"HLS is such a great fit with Equifax because of our similar practices of partnering with customers," said Jeffrey L. Dodge, senior vice president and general manager, Equifax Risk Management Services. "The addition of HLS to the Equifax family enhances our leadership position in providing accounts receivable management to the health care industry," Dodge added.
Terms of the transaction were not disclosed.
Equifax Inc. (NYSE:EFX) is the leading provider of information services that help businesses grant credit, authorize and process credit card and check transactions and insure lives and property. Established in 1899 in Atlanta, Equifax today employs 14,000 people throughout North and South America, the United Kingdom and continental Europe. Revenues for the 12 months ended Dec. 31, 1996, exceeded $1.8 billion.