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UnitedHealth will pay $25.75 per Change Healthcare share, a
premium of 41.2% to Tuesday's closing price. Shares of Change
were trading near the offer price at $24.90.
The acquisition of Change, which collaborates with payers and
providers to simplify billing and payment processes among other
things, is expected to add to UnitedHealth's adjusted earnings
per share by about 50 cents in 2022.
Optum offers data, software and services to insurance firms,
physicians, hospitals and pharmaceutical companies. The unit
accounted for more than half of UnitedHealth's total revenue of
$65.1 billion in the quarter ended Sept. 30.
"Together we will help streamline and inform the vital clinical,
administrative and payment processes on which health care
providers and payers depend to serve patients," Andrew Witty,
president of UnitedHealth and chief executive officer of Optum,
said in a statement on Wednesday.
(Reporting by Manas Mishra and Vishwadha Chander in Bengaluru;
Editing by Arun Koyyur and Maju Samuel)
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