UnitedHealth Care Faces Lawsuit By U.S. Justice Department Over $7.8B Acquisition Of Change Healthcare – $UNH $DIA

By John F. Heerdink, Jr.

As per reports, the U.S. Justice Department has filed a lawsuit to stop UnitedHealth Group Incorporated (UNH) from acquiring Change Healthcare, stating that the $7.84B deal would give UnitedHealth access to its competitors’ sensitive information. The largest U.S. health insurer informed that it would fight the lawsuit, which was filed in the U.S. District Court for the District of Columbia.

The all-cash deal was announced in January 2021 as a way for UnitedHealth to expand its fast-growing healthcare technology business. Change Healthcare, which is 20% owned by Blackstone Group, provides billing and payment process services to more than 2,000 payers and 1 million providers.

“Unless the deal is blocked, United stands to see and potentially use its health insurance rivals’ competitively sensitive information for its own business purposes and control these competitors’ access to innovations in vital health care technology,” stated Principal Deputy Assistant Attorney General Doha Mekki of the Justice Department’s Antitrust Division.

Dow 30 component UnitedHealth Group Incorporated (UNH) operates as a diversified health and well-being company in the United States. The company’s UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, individuals, and military service members; and health care coverage, and health and well-being services to individuals aged 50 and older addressing their needs for preventive and acute health care services. To learn more about (UNH) please visit the Vista Partners Company Dedicated UNH Coverage Page.

If you liked this story please consider, visiting the Atossa Therapeutics (ATOS) dedicated page at Vista Partners to learn about the Seattle-based biotech firm’s work towards finding therapeutic treatments for Breast Cancer and the Coronavirus.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.