Inactive Instrument

Change Healthcare Inc.

CHNG

US15912K1007

Change Healthcare : Shares Surge on UnitedHealth Deal

January 06, 2021 at 10:03 am EST

By Colin Kellaher

Shares of Change Healthcare Inc. rose more than 30% in early trading Wednesday after the healthcare-technology company agreed to be acquired by health insurer UnitedHealth Group Inc. for about $8 billion in cash.

UnitedHealth said it would pay $25.75 a share for Change, a 41% premium to Tuesday's closing price of $18.24.

The deal, valued at roughly $13 billion including debt, adds Change's data and analytics platform to UnitedHealth's Optum health-services unit.

Change shares were recently up about 32%, to $24.06, while UnitedHealth shares slipped 0.5%, to $343.11.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

01-06-21 1002ET

Latest news about Change Healthcare Inc.

Change Healthcare Expands Functionality and Drives Industry Transition to Cloud-Based Imaging and Storage	22-11-15	CI
Change Healthcare Inc.(NasdaqGS:CHNG) dropped from S&P TMI Index	22-10-06	CI
Change Healthcare Inc.(NasdaqGS:CHNG) dropped from S&P Global BMI Index	22-10-06	CI
Funds managed by TPG Capital, L.P. completed the acquisition of claims editing business of Change Healthcare Inc..	22-10-04	CI
U.S. keeps losing antitrust court battles but few expect pullback	22-10-04	RE
UnitedHealth Unit Optum Completes Merger With Change Healthcare	22-10-03	MT
UnitedHealth unit completes acquisition of Change Healthcare	22-10-03	RE
Change Healthcare Inc.(NasdaqGS:CHNG) dropped from NASDAQ Composite Index	22-10-03	CI
Optum, Inc. completed the acquisition of Change Healthcare Inc. from Blackstone Capital Partners VI, L.P., other funds managed by The Blackstone Group Inc. (NYSE:BX), Camber Capital Management LLC and others in a merger of equals transaction.	22-10-02	CI
North American Morning Briefing : Caution to -2-	22-09-21	DJ
Change Healthcare Says Court Denied Justice Department Bid to Block UnitedHealth Group Deal; Declares Special Dividend	22-09-21	MT
Change Healthcare Inc. Announces Special Cash Dividend, Payable on or About the First Business Day Following the Closing of the Merger	22-09-20	CI
Change Healthcare Acquisition Reportedly Sanctioned by US District Court Judge	22-09-20	MT
Will it be 0.75%, or 1%?	22-09-20
Trending : Judge Rejects Antitrust Challenge to UnitedHealth Acquisition	22-09-20	DJ
MarketScreener's World Press Review : September 20, 2022	22-09-20
ANALYST RECOMMENDATIONS : Adobe, Diamondback Energy, JPMorgan, Morgan Stanley, Wells Fargo...	22-09-20
Citigroup Downgrades Change Healthcare to Neutral From Buy; Price Target is $27.75	22-09-20	MT
North American Morning Briefing: Treasury Yields Extend Gains with Fed Tightening Eyed	22-09-20	DJ
Piper Sandler Downgrades Change Healthcare to Neutral From Overweight; Price Target is $27.75	22-09-20	MT
Judge Denies U.S. Bid to Stop UnitedHealth Plan to Buy Change	22-09-19	CI
Judge denies U.S. bid to stop UnitedHealth plan to buy Change	22-09-19	RE
U.S. judge denies government bid to stop UnitedHealth Group's plan to buy Change	22-09-19	RE
North American Morning Briefing : Stocks to Gain; Focus Turns to Next Inflation Report	22-09-09	DJ
Truist Securities Starts Change Healthcare at Hold With $27.75 Price Target	22-09-07	MT

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Company Profile

Change Healthcare Inc. is a healthcare technology company. The Company is focused on the transformation of the healthcare system through its Change Healthcare platform. The Company operates through three business segments: Software and Analytics, Network Solutions, and Technology-Enabled Services. Its Software and Analytics segment provide solutions for revenue cycle management, provider network management, payment accuracy, value-based payments, clinical decision support, consumer engagement, risk adjustment and quality performance, and imaging and clinical workflow. Its Network Solutions segment provide solutions for financial, administrative, and clinical and pharmacy transactions, electronic payments and aggregation and analytics of clinical and financial data. Its Technology-Enabled Services segment provides solutions for financial and administrative management, value-based care, communication and payment, pharmacy benefits administration and healthcare consulting.

Sector

IT Services & Consulting

More about the company

Sector Technology Consulting & Outsourcing Services

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Technology Consulting & Outsourcing Services