Why Shares of Amedisys Are Jumping Monday
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.
Source Fool.com
Amedisys Inc. Stock
Amedisys Inc. is currently one of the favorites of our community with 13 Buy predictions and no Sell predictions.
As a result the target price of 92 € shows a slightly positive potential of 3.95% compared to the current price of 88.5 € for Amedisys Inc..
