The Advisory Board Co. will be split up and sold in a deal worth around $2.21 billion, with its health-care business going to UnitedHealth Group Inc. and its education unit to private-equity firm Vista Equity Partners Management LLC. The consulting and software company had announced in February that its board was exploring strategic alternatives, including a possible sale. That move came after activist hedge fund Elliott Management Corp. said it and related entities had bought about 8.3% of the company’s shares, saying...

Source: Wall Street Journal August 29, 2017 12:33 UTC