DOJ Mulls Lawsuit Blocking UnitedHealth, Change HealthCare Deal: Report

Change Healthcare Inc CHNG stock is ticking lower on a report that the U.S. Dept. of Justice is considering a lawsuit to block the Company's $8 billion sale to UnitedHealth Group Inc UNH.
The deal was announced in January and is expected to close in 2H of 2021. The Information first reported the potential for a lawsuit.
Sources familiar with the matter told the outlet the DOJ has been reaching out to private attorneys who could lead litigation against the deal.
The DOJ was probing the deal was first revealed in March. Critics of the merger, such as the American Hospital Association, have warned that the deal could lead to a "massive consolidation" in healthcare data.
Change Healthcare is expected to report Q1 FY22 results after the market close today.
Price Action: CHNG shares are down 4.98% at $20.88, while UNH shares are down 0.18% at $421.14 during the market session on the last check Wednesday.
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