UnitedHealth Group Inc.'s UNH, +0.03% Optum Health confirmed a deal to buy post-acute healthcare services company LHC Group LHCG, +2.62% in a deal that values LHC Group at more than $5.5 billion. The deal was originally reported by the Wall Street Journal. LHC's stock was up 5% premarket prior to a trading halt for news, while UnitedHealth shares were little changed. Under terms of the deal, Optum will pay about $170 for each LHC share outstanding, an 8.
21, the per-share bid LHC implies a market capitalization of $5.56 billion. The deal is expected to close in the second half of 2022, the report said.
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