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Why Shares of Amedisys Are Jumping Monday

TheMotleyFool 
0 0 05.06.23
Why Shares of Amedisys Are Jumping MondayPhoto, wide shot, wide-angle lens, Mental health care service, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ce3b930-5e2a-4215-b686-0ad0eb0b922a.png
 

Shares of home healthcare solutions company (NASDAQ: AMED) were up more than 14% Monday morning after the company reported that it had received an unsolicited buyout offer from Optum, a branch of UnitedHealth Group. The stock is up more than 8% so far this year.

Amedisys was already having buyout discussions with Option Care Health, but UnitedHealth Group's offer is a $3.26 billion all-cash deal that would buy Amedisys for $100 per share, compared to Option Care's agreement with Amedisys of roughly $97.38 per share. The $100 per share is a 26% premium to the stock's closing price last week. 

The move makes sense for Optum, which is focused on value-based care, and in-home healthcare companies have been a hot commodity this year. Optum's offer isn't contingent on financing and doesn't require shareholder approval, UnitedHealth Group said.  

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Source Fool.com

Amedisys Inc. Stock

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