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UnitedHealth Will Pay $3.2B For Payments Co Equian

PYMNTS

health insurer, UnitedHealthcare , will purchase healthcare payments company Equian for around $3.2 Equian, which is owned by New Mountain Capital , does payment processing operations for insurers and healthcare companies, and highlights its process for reducing overpayment mistakes. The merger took a few months to complete.

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Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

PYMNTS

The announcement from the mobile network provider serves as the latest demonstration that 5G is coming, and that retailers and payment services providers should get ready to operate in the 5G world. 5G Potential. Verizon’s 5G Play.

Mobile 168
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Rover180 Acquires Vemity To Boost AI Capabilities

PYMNTS

Located in Indianapolis, Rover180 provides alternative supply chain finance and factoring programs. The company will now use Vemity’s technology to cut costs related to invoicing and accelerated payments for the transportation industry. “We pride ourselves on being at the forefront of innovation in the finance industry.

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B2B Financing Firm FreightRover Reportedly Impacted By Celadon Fraud Scam

PYMNTS

The Indianapolis-based firm, which works to accelerate B2B payments to truck operators, apparently has removed its CEO and COO — the result of a financial accounting scandal at another trucking firm where FreightRover executives had worked. The problems reportedly stem not from FreightRover, but from Celadon Group Inc.,

Fraud 135
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Freight Firm Celadon Settles Accounting Fraud Claims

PYMNTS

Indianapolis-based freight trucking company Celadon Group has agreed to pay its investors $42.2 million after filing false financial statements and lying to auditors. The agreement comes after Celadon admitted to inflating the value of more than 1,000 used trucks, according to the Justice Department.

Fraud 108
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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

In this review of failure, we’ve looked in our venture capital database to find the most well-funded startup companies that ultimately failed or had an undesirable exit, such as an asset sale or an acquisition for less than the total funding raised by the company. ” via Indianapolis Business Journal. . Company: Jawbone.

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