UnitedHealth’s Optum Bids $3 Billion For Company In Hot Home Health Space

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UnitedHealth Group’s Optum health services business Monday made an unsolicited cash offer of more than $3 billion to the board of home health provider Amedisys.

valued at nearly $3.3 billion, comes as large healthcare companies, are expanding their home health operations as a way to expand in-home medical services. UnitedHealth, which also operates the nation’s largest health insurer, UnitedHealthcare, and its rivals see healthcare in the home as yet another way to ensure patients are getting cost-effective treatment in the right place, at the right time, and in the right amount.

“Amedisys’ commitment to quality and care innovation within the home, and the patient-first culture of its people, combined with Optum’s deep value-based care expertise can drive meaningful improvement in the health outcomes and experiences of more patients at lower costs, leading to continued growth,” said Dr. Patrick Conway, chief executive officer of Optum Care Solutions.

Though the $100-per-share bid for Amedisys was unsolicited, UnitedHealth and Optum said in a statement the company was “confident it can secure approval for the combination.” The UnitedHealth/Optum bid comes a month after Amedisys agreed to be bought by Option Care Health Inc. for $97.38 per share in an all-stock deal, according to earlier reports.

 

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