Conduent INC 8-K filings
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Conduent INC8-K: Conduent to Sell Casualty Claims Solutions Business for $240 Million, Prepays $164 Million in Debt
Conduent has agreed to sell its Casualty Claims Solutions business to MedRisk for $240 million in cash and will prepay $164 million of its outstanding debt.
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Conduent INCConduent has completed the sale of its Curbside Management and Public Safety Solutions businesses to Modaxo for $230 million, marking a significant step in the company's strategy to streamline its portfolio.
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Conduent INCConduent's first quarter 2024 results show revenue in line with the previous year, but sales lagged expectations due to timing issues, while the company continues its portfolio rationalization efforts.
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Conduent INCConduent finalized the second part of its agreement with HealthEquity, transferring 134,000 HSAs and $555 million in assets for $85 million.
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Conduent INCConduent has completed the first tranche of its BenefitWallet HSA and MSA portfolio sale to HealthEquity, receiving $164 million of the total $425 million purchase price.
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Conduent INCConduent reported strong Q4 and full year 2023 results, exceeding expectations for adjusted revenue, adjusted EBITDA, and adjusted EBITDA margin, while also announcing significant progress in its portfolio rationalization plan.