UnitedHealth Group and Change Healthcare have completed a merger they initiated last year, the companies announced Monday.
The healthcare conglomerate and technology company have agreed to wait 10 days to finalize a $13 billion deal after a federal judge rejected the Justice Department’s challenge to the merger due to concerns about the merger. antitrust concerns last month. The Justice Department technically has 60 days after that ruling to file an appeal, but would face the challenge of breaking up the incorporated company.
The Department of Justice and UnitedHealth Group did not immediately respond to requests for interview. Change Healthcare declined to comment.
Judge Carl Nichols of the United States District Court for the District of Columbia ordered UnitedHealth Group to divest Change Healthcare claims editing software. Private equity group TPG Capital agreed to buy ClaimsXten for $2.2 billion in April.
Change Healthcare will be merged into UnitedHealth’s OptumInsight revenue cycle management arm and former Change Healthcare CEO Neil de Crescenzo IV will lead OptumInsight.
“This combination will connect and simplify the core medical, administrative and billing processes on which healthcare providers and payers depend on service patients.” Optum said in a press release.
