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DoJ considering lawsuit to block UnitedHealth bid for Change Healthcare - The Information

Stock MarketsAug 03, 2021 06:25PM ET
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© Reuters. FILE PHOTO: A UnitedHealth Group health insurance card is seen in a wallet in this picture illustration October 14, 2019. REUTERS/Lucy Nicholson/Illustration

(Reuters) - The U.S. Department of Justice is weighing a possible lawsuit to block UnitedHealth Group (NYSE:UNH)'s nearly $8 billion deal to acquire health care analytics and technology vendor Change Healthcare (NASDAQ:CHNG), the Information reported on Tuesday.

UnitedHealth agreed to buy Change Healthcare in January for $7.84 billion in an all-cash deal. The acquisition is expected to close in the second half of 2021.

The DoJ in recent weeks has reached out to private attorneys outside the department about possibly leading the litigation to block the deal, the report said, citing people familiar with the matter.

UnitedHealth did not immediately respond to a Reuters request for comment.

DoJ considering lawsuit to block UnitedHealth bid for Change Healthcare - The Information
 

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Comments (1)
Me comment
Me comment Aug 03, 2021 7:35PM ET
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REUTER'S how about reporting the reason why? real superficial reporting again.
Carl Tom
Carl Tom Aug 03, 2021 7:35PM ET
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RepiglaCONS RULE
 
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