(Reuters) – Amedisys Inc on Monday agreed to acquired by UnitedHealth Group for $101 per share in cash, and terminated an all-stock deal to be bought by Option Care Health Inc.
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)
