CHNG Stock Up 35%, UnitedHealth to Acquire Change Healthcare

CHNG Stock Up 35%, UnitedHealth to Acquire Change Healthcare for Over $13B


CHNG Stock Up 35%, UnitedHealth to Acquire Change Healthcare for Over $13B
Jan 6 2021 · 15:02 UTC | Updated
Jan 6 2021 · 15:09
by Steve Muchoki · 3 min read
Photo: Depositphotos
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UnitedHealth and Change Healthcare were in the health industry during the height of the coronavirus pandemic and experienced a double-digit gain in 2020.
In a deal worth approximately $13 billion, UnitedHealth Group Inc (NYSE: UNH) has agreed to purchase health technology company Change Healthcare Inc (NASDAQ: CHNG). According to the transaction details, UnitedHealth will pay $25.75 per share in cash. Apparently, this is 41% up from Tuesday’s CHNG stock close at $18.24. Consequently, CHNG stock had surged over 35% to trade around $24.65 during Wednesday’s pre-market.

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