UnitedHealth acquires Amedisys for $3.3 billion, scraps Option Care Health merger.
TL;DR
UnitedHealth Group has agreed to acquire home health and hospice caregiver Amedisys for $3.3bn in cash, a dollar higher than its previous offer and above the $97.38 per share all-stock deal with Option Care Health in May. The acquisition will expand UnitedHealth's presence in home healthcare, a business it bolstered this year through a $5.4bn deal to buy Amedisys' rival, LHC Group. However, UnitedHealth's presence in the segment through the LHC acquisition has stoked some anti-trust concerns about the deal for Amedisys.
- UnitedHealth bags Amedisys for $3.3 bln as home health firm scraps Option deal Reuters
- UnitedHealth Seals All-Cash Deal to Buy Amedisys for $101 a Share Barron's
- Amedisys Agrees to UnitedHealth Takeover, Scraps Option Care Health Merger The Wall Street Journal
- UnitedHealth to acquire Amedisys in $3.29 billion deal The Advocate
- Amedisys agrees to merge with UnitedHealth, and terminates deal with Option Care Health MarketWatch
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