Amedisys agrees to UnitedHealth buyout offer, scraps Option Care deal (updated)

Option Care Health

26/06/2023 13:57

(Adds details on new deal)
       June 26 (Reuters) - Amedisys Inc  AMED.O  on Monday
agreed to acquired by UnitedHealth Group  UNH.N  for $101 per
share in cash, and terminated an all-stock deal to be bought by
Option Care Health Inc  OPCH.O .
        The home health and hospice care firm will be acquired
by UnitedHealth's Optum unit. UnitedHealth had offered $100 per
share 
    earlier this month
     to buy the company, higher than the $97.38 per share
all-stock deal Amedisys struck with Option Care in 
    May
    .
  
        The acquisition will expand UnitedHealth's presence in
home healthcare, a business it bolstered this year through a
$5.4 billion deal to buy Amedisys' rival, LHC Group.
  

 (Reporting by Leroy Leo in Bengaluru; Editing by Saumyadeb
Chakrabarty)
 ((Leroy.Dsouza@thomsonreuters.com ; Twitter: https://twitter.com/LeroyLeo7;))