Deals
UnitedHealth Wins Court Approval of Its Change Healthcare Takeover
- Insurer defeats Justice Department’s bid to block deal
- Shares of Change Healthcare climb 7% in early trading
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UnitedHealth Group Inc. won court approval for its $7.8 billion acquisition of Change Healthcare Inc., defeating a Justice Department lawsuit that sought to block the deal.
The decision by a Washington federal judge Monday is a win for UnitedHealth Group, which has sought to diversify its business beyond insurance. The company plans to merge Change -- which operates a network used by doctors, hospitals, dentists and pharmacies to exchange health insurance claims for reimbursement -- with its Optum Insight data and consulting business.