Health

Change Healthcare Stock Surges As Judge OKs UnitedHealth Takeover

Updated at 9:53 a.m. EST

UnitedHealth Group (UNH) Shares plunged Tuesday after a federal judge rejected a Justice Department request to block the proposed merger with healthcare technology group Change Healthcare (CHNG) .

The DoJ had raised concerns about the antitrust agreement over the $8 billion deal, which was first unveiled in January, and argued it would give UnitedHealth access to health care plans offered by rivals such as Humana. (HUMBLE) and Anthem, while the combined group can serve about 95% of the top health insurers in the country.

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