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Change Healthcare (NASDAQ:CHNG) might announce a purchaser for tis ClaimsXten enterprise as quickly as subsequent week as UnitedHealth (NYSE:UNH) works to attempt to resolve DOJ antitrust issues even after the company sued to dam the deal final month.
Availity is alleged to be the client of ClaimsXten unit, in keeping with a Dealreporter story earlier.
The report comes after the DOJ sued to dam UnitedHealth’s (UNH) $8 billion buy of Change Healthcare (CHNG) final month, claiming it might “hurt competitors” in business medical health insurance markets. The information additionally comes forward of an April 5 deadline for the businesses to stroll from the deal.
One unbiased lawyer instructed Dealreporter that divesting the ClaimsXten enterprise may make the DOJ’s case a lot more durable to show.
Bloomberg reported in late January that CHNG was working with advisers on potential sale of its fee integrity enterprise, ClaimsXten. ClaimsXten could also be valued at greater than $1B in a sale.
Dealreporter additionally mentioned earlier this week CHNG is alleged to be searching for a “sizeable” reverse break up price from UNH if the events determine to combat the Dept. of Justice’s lawsuit to dam the deal. The DOJ trial to dam the deal is scheduled to start out Aug. 1
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