UnitedHealth Announces The Purchase Of LHC For $5.4 Billion
UnitedHealth Group Inc (NYSE:UNH) is set to buy LHC Group Inc (NASDAQ:LHCG) for $5.4 billion, a move that sees the health care giant expand its Optum Health business. The rise of home-based care during the pandemic has played a key role in the acquisition. DealAs reported by CNBC, UnitedHealth announced Tuesday it is set to pay $170 for each share outstanding and expects to finalize the deal in the second half of the year. At present, UnitedHealth operates the largest health insurer in the U.S., while LHC operates primary care clinics and surgery centers. Q4 2021 hedge fund letters, conference...