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.
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