TPG Capital closed its $2.2 billion deal for Change Healthcare’s claims-editing business on Wednesday.
“We are pleased to complete our acquisition of ClaimsXten and look forward to working with the team to grow the newly established company,” the private equity group said in a statement. A spokesperson for Change Healthcare also confirmed the transaction is finished.
TPG Capital agreed in April to buy the claims-editing software from UnitedHealth Group. The deal was contingent on UnitedHealth Group’s $13 billion purchase of Change Healthcare surviving an antitrust lawsuit from the Justice Department. A federal judge tossed that challenge to the merger last month. UnitedHealth sealed the Change Healthcare deal on Monday, paying $7.8 billion to acquire it and assuming $5 billion of the technology company’s debt.
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