Optum, a health services company and part of UnitedHealth Group, announced that it plans to acquire Change Healthcare, a healthcare data analytics company, according to a press release from Optum.
The companies said the goal of combining their technology and service offerings is to help providers and insurers streamline clinical, administrative and payment processes.
Change Healthcare will become part of OptumInsight, providing software and data analytics, technology-enabled services and research, revenue-cycle management offerings, and advisory services, according to the news release.
The agreement calls for the acquisition of Change Healthcare’s common stock for $25.75 per share in cash and is expected to close in the second half of 2021, subject to Change Healthcare shareholders’ approval, regulatory approvals and other customary closing conditions. Private equity funds affiliated with The Blackstone Group, which own approximately 20 percent of the common stock of Change Healthcare, have agreed to vote the shares they control in favor of the combination, Optum said.
