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Top related persons:
Amedisys - 2 Leroy Leo - 2 Dow Jones - 1 UnitedHealth - 1 William Blair - 1 Matt Larew - 1 Saumyadeb Chakrabarty - 1 Arun Koyyur - 1
Top related locs:
Bengaluru Amedisys Delft Netherlands Optum Bozeman U.S Cupertino , California
Top related orgs:
Care - 3 UnitedHealth - 2 LHC - 2 Thomson - 2 Amedisys - 1 Amedisys Inc - 1 Care Health Inc - 1 Federal Trade Commission - 1

Search resuls for: "Amedisys"


5 mentions found


☆ Amedisys Agrees to UnitedHealth Takeover, Scraps Option Care Health Merger
  + stars: | 2023-06-26 | by ( Dean Seal | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/amedisys-agrees-to-unitedhealth-takeover-scraps-option-care-merger-35e02853
Persons: Dow Jones
☆ UnitedHealth bags Amedisys for $3.3 bln as home health firm scraps Option deal
  + stars: | 2023-06-26 | by ( ) www.reuters.com   time to read: +1 min
June 26 (Reuters) - Home health and hospice caregiver Amedisys (AMED.O) on Monday agreed to a $3.3 billion sweetened cash offer from UnitedHealth Group (UNH.N) and scrapped an all-stock deal with Option Care Health (OPCH.O). Meanwhile, Option Care said it was "disappointed" with the cancellation of the deal and will get $106 million from Amedisys as per its May agreement. Option Care shares rose 3% in early trading, while those of Amedisys and UnitedHealth were largely flat. Option Care investors had largely disapproved of its deal for Amedisys as they believed the company was capable of recording strong growth on its own. Its shares had slumped 14% in May due to the Amedisys deal, but rose nearly 10% this month after UnitedHealth entered the race.
Persons: Amedisys, UnitedHealth, William Blair, Matt Larew, Leroy Leo, Saumyadeb Chakrabarty, Arun Koyyur Organizations: UnitedHealth, Care, LHC, Amedisys, Thomson Locations: Amedisys, Bengaluru
☆ UnitedHealth offers over $3 bln for home health firm Amedisys
  + stars: | 2023-06-05 | by ( Leroy Leo | ) www.reuters.com   time to read: +2 min
June 5 (Reuters) - UnitedHealth Group (UNH.N) on Monday made a surprise $3.26 billion all-cash offer to acquire Amedisys Inc (AMED.O), pitting itself against another healthcare company set to buy the home health and hospice care firm. UnitedHealth, through its Optum unit, offered to pay $100 per share in cash, just a month after Amedisys agreed to be bought by Option Care Health Inc (OPCH.O) for $97.38 per share in an all-stock deal. If Optum's offer is accepted by Amedisys, the deal will expand UnitedHealth's presence in home healthcare that it bolstered this year through a $5.4 billion deal to buy Amedisys' rival, LHC Group. Several analysts raised concerns that a UnitedHealth deal would likely face scrutiny from the Federal Trade Commission, given UnitedHealth's home health presence. Amedisys' board has not yet determined whether Optum's offer is superior to Option Health's and is currently in exploratory discussions with the UnitedHealth unit.
Persons: Amedisys, Jefferies, Brian Tanquilut, Oppenheimer, Michael Wiederhorn, Leroy Leo, Shounak Dasgupta, Shinjini Organizations: UnitedHealth, Amedisys Inc, Care Health Inc, LHC, Federal Trade Commission, FTC, Care, Thomson Locations: Bengaluru
☆ Stocks making the biggest moves midday: Palo Alto Networks, 3M, Amedisys, Target and more
  + stars: | 2023-06-05 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +4 min
A view of the exterior of the new Dutch head office of international technology company 3M in Delft, Netherlands, November 5, 2014. EPAM Systems — Shares of the software engineering firm tumbled 18% after it cut guidance amid further deterioration in near-term demand. Amedisys — The health care company's shares rallied 14% after it received an unsolicited buyout offer from Optum, a unit of UnitedHealth , to acquire Amedisys for $100 a share in cash. ImmunoGen — The biotechnology company's shares gained 5% after it announced results from ovarian cancer treatment Elahere showing a roughly 35% reduction in the risk of disease progression or death compared to chemotherapy. Dollar General — Shares fell 2.7% after Morgan Stanley downgraded the discount retailer's stock to equal weight from overweight Sunday.
Persons: Dow, Coinbase, Binance, Changpeng Zhao commingled, Robinson, Ford's David Bozeman, Morgan Stanley, KeyBanc, —, Yun Li, Alex Harring, Jesse Pound, Samantha Subin, Brian Evans Organizations: Palo Alto Networks, Dow Jones, Dish Network, 3M, Bloomberg, U.S . Securities, Exchange Commission, Care, Ford, Equitrans Midstream Corporation, Ford Motor Co, Citi, Spotify, Target, Apple —, Developers Conference, Apple Locations: Delft, Netherlands, Optum, Bozeman, U.S, Cupertino , California
☆ A booming market for gear to help seniors grow older at home is creating an opportunity for investors
  + stars: | 2023-01-21 | by ( Michelle Fox | ) www.cnbc.com   time to read: +13 min
Alphabet, Amazon and Best Buy are among the fund's plays on the aging in place theme. Best Buy breaks into the space It's Best Buy that has really been doubling down on its efforts to break into the space. Best Buy sees the role of technology within health care becoming much more important. Medicare Advantage's health care at home coverage includes primary care, transitional care when someone is released from a hospital and often hospice care, she said. That should lead to higher earnings power, said Baker, who has a buy rating and $237 price target on Lowe's stock.
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