UnitedHealth will pay $25.75 a share in cash, the companies said in a joint statement, a 41% premium over Change Healthcare’s closing price Tuesday of $18.24. The $13 billion valuation includes more than $5 billion in debt owed by Change Healthcare.
The deal will combine Change Healthcare with UnitedHealth’s OptumInsight unit to offer software, data analytics, technology and other services to the health care industry, the companies said, adding that the combination will help simplify services around medical care to improve health outcomes and lower costs.
The acquisition is the second major healthcare deal in the first week of 2021. Centene (CNC) - Get Report on Monday announced that it has agreed to buy Magellan Health (MGLN) - Get Report in a $2.2 billion tie-up.