secwatch.observer — SEC 8-K summary
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Issuer:     NAVIENT CORP (NAVI)
CIK:        0001593538
Form:       8-K
Filed at:   2024-09-20T23:59:59+00:00
Accession:  0001140361-24-041514
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1593538/000114036124041514/0001140361-24-041514-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1593538/000114036124041514/ef20035865_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-041514

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer