Navient (NAVI) has provided an update.
Navient Corporation has agreed to sell its healthcare services business, Xtend Healthcare, LLC, to CorroHealth for $365 million, with additional adjustments. The deal is contingent on customary conditions, including antitrust approvals and the absence of any material adverse effects. The transaction is not dependent on the buyer securing financing and must be completed by October 6, 2024, with a possible extension to December 5, 2024. The company also announced the deal in a press release, cautioning investors about relying on forward-looking statements.
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