DoJ considering lawsuit to block UnitedHealth bid for Change Healthcare - The Information
Reuters2021-08-04
Aug 3 (Reuters) - The U.S. Department of Justice is weighing a possible lawsuit to block UnitedHealth Group's nearly $8 billion deal to acquire health care analytics and technology vendor Change Healthcare, the Information reported on Tuesday.
UnitedHealth agreed to buy Change Healthcare in January for $7.84 billion in an all-cash deal. The acquisition is expected to close in the second half of 2021.
The DoJ in recent weeks has reached out to private attorneys outside the department about possibly leading the litigation to block the deal, the report said, citing people familiar with the matter.
UnitedHealth did not immediately respond to a Reuters request for comment.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
