Deals

UnitedHealth to Purchase Change Healthcare for $8 Billion

Price represents 41% premium on health tech company’s shares
Acquisition expands UnitedHealth’s Optum technology business

The UnitedHealth Group Inc. App Ahead Of Earnings Figures — Photographer: Andrew Harrer/Bloomberg

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By John Tozzi

January 6, 2021 at 11:00 AM UTC

Updated on

January 6, 2021 at 12:10 PM UTC

This article is for subscribers only.

UnitedHealth Group Inc. agreed to purchase Change Healthcare Inc. in a deal that values the health technology company at about $8 billion.

UnitedHealth will pay $25.75 per share in cash, the companies said Wednesday, a 41% premium over Change Healthcare’s closing price Tuesday of $18.24. Including more than $5 billion in debt owed by Change Healthcare, the deal amounts to $13 billion.