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UnitedHealth to buy Change Healthcare for $7.84 billion to build up technology services – Reuters

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UnitedHealth to buy Change Healthcare for $7.84 billion to build up technology services - Reuters

The corporate logo of the UnitedHealth Group appears on the side of one of their office buildings in Santa Ana, California, U.S., April 13, 2020. REUTERS/Mike Blake

(Reuters) -UnitedHealth Group has agreed to buy Change Healthcare for $7.84 billion in cash, the companies said on Wednesday, to beef up its portfolio of healthcare technology services.

The health insurer will pay $25.75 per Change Healthcare share in cash, a premium of 41.2% to Tuesday’s closing price.

The acquisition is expected to add to UnitedHealth’s adjusted earnings per share by about 50 cents in 2022.

Change Healthcare’s platform, which manages revenue, payment cycles and clinical information, and Optum’s data analytics solutions will help simplify clinical, administrative and payment processes, the companies said.

Reporting by Manas Mishra and Vishwadha Chander in Bengaluru; Editing by Maju Samuel and Arun Koyyur

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