Navient to Sell Healthcare Services Business to CorroHealth as Part of Ongoing Plan to Simplify Company
Navient to Sell Healthcare Services Business to CorroHealth as Part of Ongoing Plan to Simplify Company
Company still in discussions about potential sale of Government Services businesses
2024年8月13日,弗吉尼亚州赫尔东市——Navient(纳斯达克:NAVI)今天宣布已与领先的健康科技公司CorroHealth达成协议,将其医疗保健服务业务出售给后者。
HERNDON, Va., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) announced today that it had reached an agreement to sell its Healthcare Services business to CorroHealth, a leading health technology company.
2024年8月13日,维吉尼亚州亨顿市(GLOBE NEWSWIRE)——Navient(Nasdaq:NAVIENT)今日宣布已达成协议,将其医疗服务业务出售给领先的医疗技术公司CorroHealth。
"This transaction is an important achievement in our initiative to explore strategic options for our Business Processing Solutions division and our strategic objectives to simplify our company, reduce our expense base, and enhance our flexibility," said Dave Yowan, president and CEO of Navient. "CorroHealth is a great match for Xtend and its colleagues and clients."
“本次交易是我们为探索业务处理解决方案分部的战略选择和简化公司、降低费用基数、增强灵活性的战略目标取得的重要成就,” Navient总裁兼首席执行官Dave Yowan表示,“CorroHealth是Xtend及其同事和客户的不错选择。”
Doing business as Xtend Healthcare, Navient's healthcare revenue cycle management organization is headquartered in Hendersonville, Tenn. CorroHealth will continue to operate Xtend from its Hendersonville offices. As part of the agreement, approximately 950 employees will join CorroHealth.
作为Xtend Healthcare,Navient的医疗保健收入循环管理组织总部位于田纳西州亨德森维尔。 CorroHealth将继续在其亨德森维尔办事处运营Xtend。 根据协议,大约有950名员工将加入CorroHealth。
"We are very pleased to bring the Xtend team and technology to CorroHealth," said CorroHealth CEO Pat Leonard. "This will allow us to offer an even more fully rounded suite of solutions to our customers, further strengthening their financial position, and empowering them to focus on providing high quality health care."
“我们非常高兴将Xtend团队和技术带到CorroHealth,” CorroHealth首席执行官Pat Leonard表示,“这将使我们能够为客户提供更全面的解决方案,进一步增强其财务状况,并让他们专注于提供高质量的医疗保健。”
"The Xtend team is excited to join a world-class health technology leader like CorroHealth," said Mike Morris, CEO of Xtend Healthcare. "As part of the CorroHealth team, we will have a broader scope of capabilities and automation tools to offer our customers."
“Xtend团队很高兴能够加入像CorroHealth这样世界一流的医疗技术领导者,” Xtend Healthcare首席执行官Mike Morris表示,“作为CorroHealth团队的一部分,我们将拥有更广泛的能力和自动化工具,以为我们的客户提供更多选择。”
The transaction is expected to close by the end of September, subject to certain conditions. Additional information can be found in the 8-K filed by Navient today. Navient was advised on the transaction by Houlihan Lokey and WilmerHale.
交易预计将于9月底完成,受某些条件限制。Navient今天已经提交的8-k文件中可以找到更多的信息。Houlihan Lokey和WilmerHale向Navient提供了交易咨询服务。
The purchase price for the Healthcare Services business is $365 million cash consideration, subject to customary adjustments. The amount of the net gain from the sale has not yet been determined, and the final financial statement impact of the sale will depend on, among other things, net sale proceeds and the book value at the time of closing. As of June 30, 2024, the book value of the Healthcare Services business was approximately $136 million, including $113 million of goodwill and acquired intangible assets.
医疗保健服务业务的购买价格为3.65亿美元的现金代价,根据通常的调整。尚未确定出售的净收益金额,出售的最终财务声明影响将取决于净销售收益和交易关闭时的账面价值等因素。截至2024年6月30日,医疗保健服务业务的账面价值约为1.36亿美元,其中包括1.13亿美元的商誉和取得的无形资产。
Navient remains in active discussions about the potential sale of its Government Services businesses. The financial statement impact of the Government Services business process, and any resulting loss or gain, is uncertain at this time. The book value of the Government Services business as of June 30, 2024, was approximately $192 million, including $138 million of goodwill and acquired intangible assets.
Navient继续积极讨论其政府服务业务的潜在出售。政府服务业务的财务影响以及任何可能产生的损失或收益尚不确定。截至2024年6月30日,政府服务业务的账面价值约为1.92亿美元,其中包括1.38亿美元的商誉和取得的无形资产。
About Navient
Navient (Nasdaq: NAVI) provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients in education, healthcare, and government. Learn more at navient.com.
关于Navient
Navient(纳斯达克股票代码:NAVI)提供科技-enabled的教育金融和业务处理解决方案,简化复杂的程序,帮助数百万人实现成功。我们以客户为中心、以数据驱动的服务,为教育、医疗保健和政府等领域的客户提供杰出的结果。了解更多信息,请访问navient.com。
Contacts:
Navient Media: Paul Hartwick, 302-283-4026, paul.hartwick@navient.com
Navient Investors: Jen Earyes, 703-984-6801, jen.earyes@navient.com
联系人:
Navient媒体联系人:保罗·哈特维克,302-283-4026,paul.hartwick@navient.com
Navient投资者联系人:詹·艾里斯,703-984-6801,jen.earyes@navient.com