Navient Finalizes Divesture of Healthcare Services Arm to CorroHealth [Yahoo! Finance]
Navient Corporation (NAVI)
Last navient corporation earnings: 4/21 04:14 pm
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Source: Yahoo! Finance
The move aligns with NAVI's plan to streamline its business operations. Doing business as Xtend Healthcare, Navient's healthcare revenue cycle management organization is headquartered in Hendersonville, TN. CorroHealth will continue to operate Xtend from its Hendersonville offices. Financial Details: NAVI's Healthcare Services Arm Divestiture Per the agreement signed in August 2024, the purchase price for Navient's Healthcare Services business was set at $365 million cash consideration. The company also stated that the final financial statement's impact on the sale would be based on several factors, including net sale proceeds and book value at closing. As of June 30, the book value of the Healthcare Services business was approximately $136 million, including $113 million of goodwill and acquired intangible assets. More than 925 Xtend employees joined the CorroHealth team as part of the agreement. Strategic Implications of NAVI's Divestiture of Xtend The divestiture of its
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NAVI
News
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- Is the Options Market Predicting a Spike in Navient (NAVI) Stock? [Yahoo! Finance]Yahoo! Finance
NAVI
Earnings
- 10/31/24 - Beat
NAVI
Sec Filings
- 11/7/24 - Form 4
- 11/6/24 - Form 144
- 11/1/24 - Form SC
- NAVI's page on the SEC website