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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.

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(Read Original Story: UPDATE 2-U.S. sues to block UnitedHealth acquisition of Change Healthcare in Reuters)


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