June 13, 2011 / 6:32 PM / 8 years ago

UPDATE 1-Verisk Analytics to acquire Health Risk Partners

* Verisk to pay $60 mln in cash

* Co says deal to add to adjusted EPS in 2011 (Follows alerts)

June 13 (Reuters) - Verisk Analytics Inc said it will acquire Health Risk Partners for $60 million in cash to bolster its presence in the healthcare industry.

The deal is expected to add to adjusted earnings in 2011, Verisk said in a statement.

Under the terms of the deal, $13 million is expected to be paid in 2012, Verisk said in a statement.

Susan Cimbalo, who founded Health Risk Partners in 1999, will continue to lead the company.

Verisk compiles data to detect fraud and predict loss for customers in the US property and casualty insurance, healthcare, and mortgage industries. It also provides healthcare claim payers and mortgage lenders with predictive models, loss estimation tools and fraud ID applications.

Health Risk Partners is a healthcare technology firm and analyzes Medicare data to ensure compliance with rules and data collection.

Shares of the Jersey City, New Jersey-based Verisk were trading up slightly at $33.80 on Monday on Nasdaq. (Reporting by Aditi Sharma in Bangalore; Editing by Sriraj Kalluvila)

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