Navient (Nasdaq: NAVI) announces that it had reached an agreement to sell its Healthcare Services business to CorroHealth, a leading health technology company. 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. The purchase price for the Healthcare Services business is $365 million cash consideration, subject to customary adjustments.
Read the full article: Navient to Sell Healthcare Services Business to CorroHealth as Part of Ongoing Plan to Simplify Company //
Source: https://news.navient.com/news-releases/news-release-details/navient-sell-healthcare-services-business-corrohealth-part