Change Healthcare said to announce buyer for ClaimsXten business as soon as next week

Transform Healthcare (NASDAQ:CHNG) may possibly announce a buyer for tis ClaimsXten enterprise as shortly as subsequent 7 days as UnitedHealth (NYSE:UNH) is effective to consider to resolve DOJ antitrust concerns even soon after the company sued to block the deal very last thirty day period.

Availity is mentioned to be the buyer of ClaimsXten unit, according to a Dealreporter story before.

The report arrives just after the DOJ sued to block UnitedHealth’s (UNH) $8 billion acquire of Improve Health care (CHNG) past month, boasting it would “damage competitors” in industrial well being coverage marketplaces. The news also will come ahead of an April 5 deadline for the companies to stroll from the deal.

1 independent lawyer advised Dealreporter that divesting the ClaimsXten enterprise could make the DOJ’s circumstance considerably more durable to confirm.

Bloomberg claimed in late January that CHNG was working with advisers on potential sale of its payment integrity small business, ClaimsXten. ClaimsXten could be valued at extra than $1B in a sale.

Dealreporter also claimed earlier this 7 days CHNG is explained to be trying to get a “sizeable” reverse break up rate from UNH if the functions choose to struggle the Dept. of Justice’s lawsuit to block the deal. The DOJ trial to block the deal is scheduled to begin Aug. 1