UnitedHealth Group officially said it acquired payment-processing platform Equian in a transaction valued at $3.2 billion, according to the Star Tribune.
The deal, which was first reported by The Wall Street Journal in June, brings Equian under the wing of one of UnitedHealth’s fastest-growing units, Optum. Equian, a company that insurers hire to recover payments from inaccurate claims, serves all but one of the 10 largest payers.
“Equian is part of Optum, consistent with our strategy of providing end-to-end payment integrity solutions in the market, driving more efficient use of healthcare dollars for payers, providers, patients and their communities,” UnitedHealth confirmed in a statement to the Star Tribune.
Date: September 17, 2019
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Source: Becker’s Hospital Review