$13B deal unites UnitedHealth with Change Healthcare

UnitedHealth Group is acquiring Change Healthcare for about $8 billion cash, the companies jointly announced Wednesday morning.

The managed healthcare and insurance giant will fold Change into its Optum business unit.

Optum will assume more than $5 billion of Change’s debt, bringing the deal’s total valuation close to $13 billion.

In an announcement, the companies state their main aim is to connect and simplify core clinical, administrative and payment processes to achieve “better health outcomes and experiences for everyone, at lower cost.”