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Navient agrees to sell Healthcare Services business to CorroHealth for $365 million

Aug 13, 2024•11 months ago

Contract Type

agreement

HerndonFinance

Description

Navient has announced an agreement to sell its Healthcare Services business to CorroHealth for $365 million in cash consideration. The sale is part of Navient's plan to simplify the company and explore strategic options for its Business Processing Solutions division. CorroHealth, a leading health technology company, will continue to operate Xtend Healthcare from its Hendersonville offices.

Company Information

Company

Navient Corporation

Location

Herndon, Virginia, United States

About

Navient provides technology-enabled education finance solutions that simplify complex programs and help millions of people achieve success. Their customer-focused, data-driven services deliver exceptional results for clients. Navient offers a variety of business solutions, including outsourced processing for government agencies. The Government Services business has approximately 1,200 employees.

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