UnitedHealth Group Inc. (UNH) unit Optum has agreed to acquire health care technology company Change Healthcare (CHNG) for $25.75 a share in cash, the companies said in a joint statement Wednesday. Change Healthcare has 317.3 million shares outstanding, according to FactSet, giving the deal a value of about $8 billion. "Change Healthcare will join with OptumInsight to provide software and data analytics, technology-enabled services and research, advisory and revenue cycle management offerings to help make health care work better for everyone,": said the statement. The deal is expected to close in the second half and to boost UnitedHealth's net EPS by 20 cents in 2022 and adjusted EPS by 50 cents. Change Healthcare shares soared 37% premarket on the news.
-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
January 06, 2021 12:16 ET (17:16 GMT)
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