-UnitedHealth Group has entered an settlement to promote Change Healthcare’s claims enhancing enterprise to non-public fairness agency TPG Capital for $2.2 billion after the healthcare firm completes its acquisition of Change.
Earlier this month, UnitedHealth and Change agreed to increase the deadline of their $8 billion merger by one other 9 months to Dec. 31 after the U.S. Division of Justice (DoJ) sued to cease the deal.
The sale of the claims enterprise will solely undergo as soon as the acquisition is full, Change mentioned in a regulatory submitting. https://www.sec.gov/ix?doc=/Archives/edgar/information/1756497/000119312522116452/d574197d8k.htm
UnitedHealth and Change provide competing softwares for processing healthcare claims and collectively serve 38 of the highest 40 well being insurers within the nation, the DoJ mentioned in its criticism in February.
The company mentioned UnitedHealth knew that entry to claims would give it a view into rival well being plans at Humana Inc, Anthem Inc <ANTM.N, CVS Well being Corp’s Aetna and Cigna Corp.
UnitedHealth, which has mentioned it might battle the lawsuit, didn't instantly reply to a Reuters request for remark following Monday’s announcement.
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