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.
  • Photo by Okan Caliskan from Pixabay
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