Indianapolis-based Equian processes more than $50o billion in healthcare claims annually and works with nine out of the top 10 healthcare payers.
UnitedHealth Group has reportedly agreed to purchase healthcare payments company Equian from private equity firm New Mountain Capital in a deal worth around $3.2 billion.
The Wall Street Journal was the first to report about the deal citing sources familiar with the acquisition.
Indianapolis-based Equian processes more than $50o billion in healthcare claims annually and works with nine out of the top 10 healthcare payers. The company also provides bill auditing, healthcare claims analysis and subrogation services across both the property and casualty insurance industries.
Want to publish your own articles on DistilNFO Publications?
Send us an email, we will get in touch with you.
The Journal reports that UnitedHealth is likely to add Equian under the Optum umbrella, which would help to expand the company’s services past the healthcare industry and into new type of customers.
New Mountain purchased Equian for $225 million back in 2015 and merged the company with Trover Solutions, which the private equity firm purchased from Abry Partners.
The news about the Equian acquisition comes soon after the FTC approved UnitedHealth’s $4.3 billion combination with DaVita Medical Group, which would make the country’s largest insurer one of the largest employers of clinians as well.
Date: June 24, 2019