---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-041514"
form_type: "8-K"
ticker: "NAVI"
cik: "0001593538"
company_name: "NAVIENT CORP"
filed_at: "2024-09-20T23:59:59+00:00"
generated_at: "2026-05-31T02:48:30.416754+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Navient completes sale of Xtend Healthcare (healthcare services) to CorroHealth for $369M

## Summary
- Sale price $369M ($365M base + ~$4M working capital adjustments); closed Sept 19, 2024.
- Estimated pre-tax gain of $216M ($166M net of tax) recorded in equity.
- Pro forma shows removal of Healthcare Services revenues: $121M (FY2023) and $60M (H1 2024).
- Net cash proceeds ~$362M after ~$7M transaction costs.

## SEC filing metadata
- accession: 0001140361-24-041514
- form_type: 8-K
- ticker: NAVI
- cik: 0001593538
- company_name: NAVIENT CORP
- filed_at: 2024-09-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1593538/000114036124041514/0001140361-24-041514-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1593538/000114036124041514/ef20035865_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-041514
- JSON: https://secwatch.observer/filing/0001140361-24-041514.json
- Plain text: https://secwatch.observer/filing/0001140361-24-041514.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.