In an agreement, #UnitedHealth’s Optum has decided to acquire #Change Healthcare for $7.84 billion in cash, alongside $5 billion in debt on Wednesday.
According to the deal, UnitedHealth will be paying $25.75 per share in cash, with the whole deal worth about $13 billion.
Change Healthcare will collaborate with UnitedHealth’s #OptumInsight unit to avail offerings like technology, advisory and revenue cycle management, data analytics, and software to the healthcare sector.
In a news release, President of UnitedHealth Group and Chief Executive Officer of Optum, #Andrew Witty said of working together to streamline and inform vital clinical, payment and administrative processes for healthcare providers and payers.
With Change Healthcare’s smart healthcare network and Optum’s data analytics solutions, services will show more accuracy and reliability, UnitedHealth said.
Both the companies will be serving to determine necessary medical care and provide services to make information more transparent between medical providers, patients, and insurers.
The acquisition is the second major healthcare deal in the first week of this year, and is expected to close in the second half, with Neil de Crescenzo leading the combined business unit as the CEO of OptumInsight.