Change Healthcare disclosed the companies had “certified substantial compliance” with a request for additional information by the Department of Justice’s (DOJ) antitrust division, MedCity News reports. The companies agreed not to close the deal until Feb. 22 unless the DOJ closes its investigation before then.
The two companies first announced the merger back in January, with UnitedHealth planning to acquire Change Healthcare for $25.75 per share in cash. The company would become part of UnitedHealth’s OptumInsight health services business, adding to its data analytics, research and revenue cycle management capabilities.
The DOJ opened its investigation of the deal in March, after the American Hospital Association warned that the deal would reduce competition in health IT services, and consolidate large swaths of health data owned by the two companies.
By complying with the DOJ’s request, the companies moved the deal one step closer to closing. Read more.
