UnitedHealth to pay nearly $8B for technology company Change

UnitedHealth Group will spend nearly $8 billion in cash to add a health care technology company to its growing Optum business. UnitedHealth said Wednesday that it will add Change Healthcare to its OptumInsight segment and boost its ability to provide data analytics and revenue cycle management support, among other offerings. UnitedHealth brings in most of its revenue through a health insurance business that covers about 48 million people. But its Optum segment generates bigger profit margins and provides a growing portion of the company’s operating earnings. UnitedHealth will pay $25.75 in cash for each share of Change.