
The first week of 2021 comes with a significant acquisition in the health technology sector
UnitedHealth Group, one of the US's largest healthcare companies, announced that it would buy Change Healthcare in a deal valued at more than $13 billion. The purchase will be made in cash, with the former paying $25.75 per share for the latter. The price is 41% higher than the one reported by Change Healthcare at closing on Tuesday.
The agreement will bring together Change Healthcare and UnitedHealth's unit – OptumInsight – to deal with data analytics, technology, and various other healthcare industry services. The acquisition is to close in the second half of the year.
Following the news, Change Healthcare stock price gained more than 31%, while UnitedHealth reported a 0.6% increase.
Sources: thestreet.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Key Way Markets Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.