UnitedHealth Makes Unsolicited Takeover Bid for Amedisys
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)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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