TPG Capital has agreed to acquire ClaimsXten, Change Healthcare’s claims editing business, from UnitedHealth for $2.2 billion, according to news reports.
The sale of ClaimsXten will only proceed if UnitedHealth’s acquisition of Change Healthcare is completed. The acquisition is currently on hold after the U.S. Department of Justice sued to stop the deal.
Previous reports indicated that UnitedHealth was hoping the sale of ClaimsXten would help secure federal approval for its $8 billion acquisition of Change Healthcare.
TPG Capital, headquartered in Fort Worth, Texas and San Francisco, targets investments in middle-market companies in healthcare and a number of other industries.