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UnitedHealth, Vista Said Near Deal to Split Advisory Board

  • Vista would acquire education business for up to $1.5 billion
  • UnitedHealth would buy Advisory Board’s health-care division

UnitedHealth Group Inc. and Vista Equity Partners are nearing a deal to acquire and split up the health and education consultant Advisory Board Co., according to people familiar with the matter.

UnitedHealth would acquire Advisory Board’s health-care division and Vista would buy its education business, said the people, who asked not to be named because discussions are private. The education unit may sell for as much as $1.5 billion, one of the people said.

Shares of Washington-based Advisory Board jumped as much as 14 percent Thursday to the highest level in two years. The stock was up 4.8...


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