UnitedHealth said it entered into a purchase agreement April 22 with TPG Capital, a private equity firm. UnitedHealth would divest ClaimsXten for $2.2 billion.
UnitedHealth announced its intent to purchase Change Healthcare in January 2021. Under the proposed deal, Change Healthcare would join UnitedHealth subsidiary OptumInsight to provide software, data analytics, advisory and revenue cycle management offerings to clients.
The Justice Department filed a lawsuit challenging the acquisition Feb. 24, alleging the transaction would harm competition in commercial markets, make coverage more costly for millions of people and give UnitedHealth too much power in electronic data transactions.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.