The US Justice Department filed a lawsuit on Thursday in a bid to stop health insurer UnitedHealth Group from buying Change Healthcare, reported Reuters.
The $7.84 billion all-cash deal was announced in January 2021 as a way for UnitedHealth to expand its fast-growing healthcare technology business.
The case was filed in the US District Court for the District of Columbia naming UnitedHealth and Change as defendants.
Related: AHA Urges DOJ To Probe UnitedHealth’s Acquisition Of Change Healthcare
UnitedHealth said it would fight the lawsuit. “The Department’s deeply flawed position is based on highly speculative theories that do not reflect the realities of the healthcare system. We will defend our case vigorously,” it said in a statement.
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