Brief: Amedisys Says Co, Option Care Health To Combine

Option Care Health

03/05/2023 22:56

May 3 (Reuters) - Amedisys Inc  AMED.O :
    * OPTION CARE HEALTH AND AMEDISYS TO COMBINE CREATING A
LEADING,
INDEPENDENT PLATFORM FOR HOME AND ALTERNATE SITE CARE
    * OPTION CARE HEALTH: UNDER TERMS OF DEAL, AMEDISYS
STOCKHOLDERS
WILL RECEIVE 3.0213 SHARES OF CO'S COMMON STOCK FOR EACH SHARE
OF AMEDISYS COMMON STOCK
    * OPTION CARE - CO,AMEDISYS ENTERED INTO DEFINITIVE MERGER
AGREEMENT TO COMBINE IN ALL-STOCK DEAL THAT VALUES AMEDISYS AT
ABOUT $3.6 BILLION, WITH ASSUMPTION OF NET DEBT
    * OPTION CARE HEALTH INC - DEAL PRICE EQUIVALENT OF $97.38
PER
AMEDISYS SHARE BASED ON OPTION CARE HEALTH'S CLOSING STOCK PRICE
ON MAY 2
    * OPTION CARE HEALTH INC - TOGETHER, CO AND AMEDISYS WILL
HAVE A
NATIONAL CLINICAL WORKFORCE OF MORE THAN 16,500 PROFESSIONALS
    * OPTION CARE HEALTH - COMBINED CO WILL BE HEADQUARTERED IN
BANNOCKBURN, ILLINOIS
    * OPTION CARE HEALTH INC - COMPANIES EXPECT TO GENERATE
ANNUAL
RUN-RATE SYNERGIES OF ABOUT $75 MILLION BY YEAR THREE FOLLOWING
CLOSE

Source text for Eikon:  ID:nPn2H2nYza 
Further company coverage:  AMED.O 

 ((Reuters.Briefs@thomsonreuters.com;))