---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-010452"
form_type: "8-K"
ticker: "NAVI"
cik: "0001593538"
company_name: "NAVIENT CORP"
filed_at: "2024-08-13T23:59:59+00:00"
generated_at: "2026-05-31T09:43:00.208237+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Navient sells Healthcare Services (Xtend) to CorroHealth for $365M cash

## Summary
- Purchase price: $365 million cash, subject to customary adjustments.
- Transaction expected to close by end of September 2024; ~950 employees to join CorroHealth.
- Book value of healthcare business as of June 30, 2024 was ~$136M (incl. $113M goodwill/intangibles).
- Sale supports Navient's plan to simplify and reduce expense base; still in discussions on Government Services sale.
- Govt Services business book value was ~$192M (incl. $138M goodwill/intangibles) as of June 30, 2024.

## SEC filing metadata
- accession: 0001654954-24-010452
- form_type: 8-K
- ticker: NAVI
- cik: 0001593538
- company_name: NAVIENT CORP
- filed_at: 2024-08-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1593538/000165495424010452/0001654954-24-010452-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1593538/000165495424010452/navi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-010452
- JSON: https://secwatch.observer/filing/0001654954-24-010452.json
- Plain text: https://secwatch.observer/filing/0001654954-24-010452.txt

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