Change Healthcare said to announce buyer for ClaimsXten business as soon as next week
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Change Healthcare (NASDAQ:CHNG) may perhaps announce a buyer for tis ClaimsXten organization as before long as next 7 days as UnitedHealth (NYSE:UNH) performs to attempt to solve DOJ antitrust worries even following the agency sued to block the deal final month.
Availity is said to be the buyer of ClaimsXten device, according to a Dealreporter story previously.
The report arrives immediately after the DOJ sued to block UnitedHealth’s (UNH) $8 billion invest in of Adjust Healthcare (CHNG) past month, claiming it would “harm level of competition” in business wellness insurance plan markets. The information also will come in advance of an April 5 deadline for the corporations to wander from the deal.
1 impartial attorney instructed Dealreporter that divesting the ClaimsXten enterprise could make the DOJ’s circumstance a lot tougher to confirm.
Bloomberg claimed in late January that CHNG was doing work with advisers on likely sale of its payment integrity company, ClaimsXten. ClaimsXten may perhaps be valued at additional than $1B in a sale.
Dealreporter also said previously this 7 days CHNG is reported to be in search of a “sizeable” reverse split up charge from UNH if the parties come to a decision to battle the Dept. of Justice’s lawsuit to block the deal. The DOJ demo to block the deal is scheduled to start off Aug. 1
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