August 29, 2017 / 12:23 PM / 7 months ago

Advisory Board to sell healthcare, education units in $2.58 bln deal

Aug 29 (Reuters) - Advisory Board Co said on Tuesday it would sell its healthcare business to UnitedHealth Group Inc’s Optum unit and education business to investment firm Vista Equity Partners, for a total deal value of $2.58 billion.

The business consulting company said it would sell its education business for $1.55 billion and its healthcare business for $1.3 billion, including debt.

Advisory Board said in February it would explore options, including a sale of part or the entire company, after activist fund Elliott Management said the company’s stock was “significantly undervalued”. (Reporting by Divya Grover in Bengaluru; Editing by Arun Koyyur)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below