UnitedHealth Makes Unsolicited Takeover Bid for Amedisys
June 05 2023 - 8:06AM
Dow Jones News
By Colin Kellaher
Amedisys on Monday said it has received an unsolicited, $3.26
billion takeover proposal from a unit of UnitedHealth Group that
could upend the healthcare-services provider's deal to be acquired
by Option Care Health.
Amedisys said UnitedHealth's Optum health-services arm has
proposed paying $100 a share in cash for Amedisys, a nearly 26%
premium to Friday's closing price of $79.47 for the Baton Rouge,
La., company, which in May said it would combine with Option Care
in an all-stock deal.
Based on Friday's closing prices, the Option Care deal is
currently worth about $2.8 billion, or $86.29 a share, to Amedisys
investors.
Amedisys said its board has determined that the Optum proposal
could reasonably be expected to result in an superior deal to the
one with Option Care, and that it is currently in exploratory talks
with Optum.
Trading in shares of Amedisys was halted premarket on
Monday.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
June 05, 2023 08:51 ET (12:51 GMT)
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