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UnitedHealth to Purchase Change Healthcare for $8 Billion


UnitedHealth to Purchase Change Healthcare for $8 Billion
Bloomberg
1/6/2021
John Tozzi
© Bloomberg
The UnitedHealthcare website, the health benefits segment of UnitedHealth Group Inc., is displayed on an Apple Inc. iPhone in Washington, D.C., U.S., on Wednesday, April 11, 2018. UnitedHealth is expected to release earnings figures on April 17.
(Bloomberg) UnitedHealth Group Inc. agreed to purchase Change Healthcare Inc. in a deal that values the health technology company at about $8 billion.
UnitedHealth will pay $25.75 per share in cash, the companies said Wednesday, a 41% premium over Change Healthcare’s closing price Tuesday of $18.24. Including more than $5 billion in debt owed by Change Healthcare, the deal amounts to $13 billion. ....

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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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