Optum merged with Change Healthcare.
Key Details of the Merger
In a significant transaction valued at $13 billion, Optum, a pharmacy benefit manager and subsidiary of UnitedHealth Group, completed a merger with Change Healthcare. This strategic acquisition brought together two major players in the healthcare industry.
Change Healthcare was a prominent provider specializing in payment cycle management and clinical information solutions. Its services focused on streamlining financial and informational aspects within the healthcare ecosystem. The merger aimed to integrate these solutions with Optum's extensive operations, particularly its role as a pharmacy benefit manager (PBM).
The combination of Optum and Change Healthcare was designed to enhance capabilities across various healthcare services, from patient care to administrative processes.
Here's a quick overview of the merger:
| Aspect | Detail |
|---|---|
| Acquiring Entity | Optum (a subsidiary of UnitedHealth Group) |
| Acquired Entity | Change Healthcare (NASDAQ: CHNG) |
| Transaction Value | $13 billion |
| Optum's Business | Primarily a pharmacy benefit manager (PBM) |
| Change Healthcare's Business | Provider of payment cycle management and clinical information solutions |
| Key Role in Transaction | Morrow Sodali acted as the proxy solicitor for Change Healthcare (the target company) in this transaction. |
This merger represented a notable step in the ongoing consolidation and integration within the healthcare technology and services landscape.
