Optum Offers To Combine With Amedisys, Advancing Value-Based Care for Patients
June 05 2023 - 7:51AM
Business Wire
Combination would accelerate seamless provision
of value-based care in the home, improving patient outcomes and
experiences
All-cash offer at $100 per share represents a
superior proposal for Amedisys shareholders, with price certainty
at a 26% premium over most recent share price
Optum, a diversified health services company, has submitted an
all-cash proposal to the Board of Directors of Amedisys (NASDAQ:
AMED), a leading provider of home health, hospice and high-acuity
care, to combine with Amedisys.
Patrick Conway, M.D., chief executive officer of Optum Care
Solutions, said, “Amedisys’ commitment to quality and care
innovation within the home, and the patient-first culture of its
people, combined with Optum’s deep value-based care expertise can
drive meaningful improvement in the health outcomes and experiences
of more patients at lower costs, leading to continued growth.”
In-home care is provided by thousands of organizations
nationwide, with no single participant having more than a
single-digit percentage share, a core reason Optum is confident it
can secure approval for the combination. Even with the numerous
providers, demand for in-home care far exceeds available supply,
creating the need for substantial investment in the sector to more
fully serve patients and their families with compassionate, high
quality care in the comfort of their own homes.
The $100 per share all-cash transaction provides full and
certain value to Amedisys shareholders. The proposed transaction
represents a 26% premium over Amedisys’ most recent closing share
price and a premium of 29% to the unaffected Amedisys share price
of $77.26. Optum’s proposal has no financing contingency or
condition and does not require shareholder approval.
About Optum
Optum is a leading information and technology-enabled health
services business dedicated to helping make the health system work
better for everyone. With more than 220,000 people worldwide, Optum
delivers intelligent, integrated solutions that help to modernize
the health system and improve overall population health. Optum is
part of UnitedHealth Group (NYSE: UNH). For more information, visit
www.Optum.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230604005080/en/
Investor Contact: Zack Sopcak 952-936-7215
zack.sopcak@uhg.com
Media Contact Aaron Albright 202-338-6403
aaron.albright@optum.com
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