As a part of a deal to split up consulting and research firm The Advisory Board Company, its healthcare business could be purchased by UnitedHealth, the nation’s largest health insurer.
Bloomberg reported a potential price tag only Advisory Board’s education unit, which makes up a third of the company’s revenue but could be sold to Vista Equity Partners for $1.5 billion. The anonymous sources quoted by Bloomberg said this isn’t a done deal and any confirmation may not come until August due to the “complicated structure” of the transaction.
Both Advisory Board and UnitedHealth declined to comment.
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John joined TriMed in 2016, focusing on healthcare policy and regulation. After graduating from Columbia College Chicago, he worked at FM News Chicago and Rivet News Radio, and worked on the state government and politics beat for the Illinois Radio Network. Outside of work, you may find him adding to his never-ending graphic novel collection.