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UnitedHealth Goes Shopping
They offered over $3 billion for home health firm Amedisys
On June 5, 2023, UnitedHealth Group's Optum unit made an unsolicited offer to acquire Amedisys home health and hospice care company for $3.26 billion in cash. The offer is $100 per share, a 19% premium to Amedisys's closing price on June 4, 2023.
Amedisys has not yet responded to the offer. If the deal succeeds, it would be the latest in a series of home health and hospice care industry consolidations. Several major healthcare companies have acquired home health and hospice providers in recent years to expand their reach into the growing home health market.
Experts anticipate significant growth in the home health market in the coming years due to an aging population and increasing demand for long-term care. Integrating technology, such as telehealth and remote monitoring, is also expected to contribute to this growth in the home healthcare market.
An acquisition by UnitedHealth would give the company a more prominent presence in the home health market and allow it to offer its customers a more comprehensive range of services. UnitedHealth is one of the largest health insurers in the United States and has been expanding its reach into the home health and hospice care market in recent years.