However, The Blackstone Group, which owns around 20 percent of Change Healthcare’s common stock, has already promised to vote in favor of the move. The companies expect that the combination will be complete in the second half of 2021.What did the CEO of Change Healthcare say?
"We look forward to continuing to work diligently in coordination with UHG (UnitedHealth Group) to provide the necessary information requested by the DOJ (Department of Justice) and completing the transaction," he said during the company's fiscal-year, first-quarter earnings call Wednesday morning.When is the Change Healthcare deal going to be completed?
That transaction was initially expected to be completed in the second half of 2021, executives said. Change Healthcare has been mum on the regulatory review process, and de Crescenzo's comments come as the deal has drawn increased scrutiny from the DOJ and criticism from hospital groups and healthcare advocates.How much cash does change healthcare company have?
Change Healthcare also reported operating income of $44 million, against the year-ago quarter’s operating loss of $8 million. The company ended the quarter with approximately $109 million of cash and cash equivalents and approximately $4.8 million of total debt.