The Advisory Board, a company that improves performance for health care and educational organizations, will be split and sold for $2.58 billion including debt. UnitedHealth Group will buy the health care business. Vista Equity Partners invests in technology related companies that provide software for schools.
As the Wall Street Journal reports, Vista will pay $1.55 billion for the Advisory Board’s EAB education unit. UnitedHealth will pay about $1.3 billion for the health care part of the company, which will include the assumption of debt.
The WSJ reports that “the Advisory Board becomes the latest high-profile takeover for UnitedHealth’s Optum health-services arm. Optum has grown rapidly over the years with an aggressive spate of acquisitions, bolting together everything from a burgeoning network of doctor practices to a major pharmacy-benefit manager to a large outpatient surgery company.”
Source: Wall Street Journal