UnitedHealth, Change Healthcare Extend Deal Pact to End of Year
05 Aprile 2022 - 12:54PM
Dow Jones News
By Colin Kellaher
UnitedHealth Group Inc. and Change Healthcare Inc. on Tuesday
said they have extended their merger agreement to Dec. 31 in the
wake of the Justice Department's antitrust lawsuit challenging the
nearly $8 billion deal.
UnitedHealth early last year agreed to combine its Optum
health-services arm with health-technology company Change, but
federal regulators in February sued to block the deal, arguing the
tie-up would unlawfully reduce competition in markets for
commercial insurance and the processing of claims.
UnitedHealth and Change said the challenge is without merit, and
that they plan to detail the benefits of the combination to the
healthcare system at a two-week trial slated to begin on Aug.
1.
As part of the extension, UnitedHealth will pay a $650 million
fee to Change if the companies can't complete the merger due to the
court's decision.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
April 05, 2022 06:39 ET (10:39 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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