Change Healthcare said it will announce a buyer for ClaimsXten business as soon as next week
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Changing Health Care (NASDAQ:CHANGE) could announce a business buyer tis ClaimsXten as soon as next week when UnitedHealth (NYSE:UNH) works to try to address the DOJ’s antitrust concerns even after the agency sue to block agreement last month.
Availability allegedly the buyer of the ClaimsXten unit, according to an earlier Dealreporter story.
The report comes after the DOJ sued to block UnitedHealth (UNH)’s $8 billion purchase of Change Healthcare (CHNG) last month, claiming it would “harm competition” in the market. commercial health insurance. The news also comes ahead of the April 5 deadline for the companies to pull out of the deal.
An independent attorney told Dealreporter that divesting the ClaimsXten business could make the DOJ’s case much harder to prove.
Bloomberg reported at the end of January that CHNG is working with advisors on potential sale its payments integrity business, ClaimsXten. ClaimsXten can be valued at over $1 billion in a single sale.
Dealreporter also said earlier this week CHNG is said to be looking for a “fairly large” reverse parting fee from UNH if the parties decide to fight the Justice Department case to block the deal. The DOJ trial to block this deal ismove date starting from August 1
