Optum, Change Healthcare join forces to streamline health care
By HME News Staff
Updated 8:15 AM CST, Thu January 7, 2021
EDEN PRAIRIE, Minn., and NASHVILLE, Tenn. – Optum, a division of UnitedHealth Group, and Change Healthcare have agreed to merge, combining two technology companies focused on serving health care.
Optum is a diversified health services company; Change Healthcare is a health care technology provider. Together, they will provide software and data analytics, technology-enabled services and research, advisory and revenue cycle management offerings.
“Together we will help streamline and inform the vital clinical, administrative and payment processes on which health care providers and payers depend to serve patients,” said Andrew Witty, president of UnitedHealth Group and CEO of Optum. “We’re thrilled to welcome Change Healthcare’s highly skilled team to create a better future for health care.”
The deal, which calls for the acquisition of Change Healthcare’s common stock for $25.75 per share in cash, is expected to close in the second half of 2021, subject to approval by Change Healthcare shareholders, regulatory approvals and other customary closing conditions.
Private equity funds affiliated with The Blackstone Group, which own approximately 20% of the common stock of Change Healthcare, have agreed to vote the shares they control in favor of the merger.
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