UnitedHealth to promote Change Healthcare’s claims enterprise for $2.2 billion By Reuters

© Reuters. FILE PHOTO: UnitedHealth Group’s headquarters constructing is seen in Minnetonka, Minnesota on this image taken in 2019. UnitedHealth Group/by way of REUTERS

(Reuters) -UnitedHealth Group has entered an settlement to promote Change Healthcare (NASDAQ:)’s claims modifying 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 (NYSE:) and Change agreed to increase the deadline of their $eight 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 stated in a regulatory submitting. https://www.sec.gov/ix?doc=/Archives/edgar/information/1756497/000119312522116452/d574197d8k.htm

UnitedHealth and Change supply competing softwares for processing healthcare claims and collectively serve 38 of the highest 40 well being insurers within the nation, the DoJ stated in its criticism in February.

The company stated UnitedHealth knew that entry to claims would give it a view into rival well being plans at Humana Inc (NYSE:), Anthem Inc

UnitedHealth, which has stated it could combat the lawsuit, didn’t instantly reply to a Reuters request for remark following Monday’s announcement.