UnitedHealth Unit to Acquire EMIS Group in $1.51 Billion Deal
2022.06.17 18:57
UnitedHealth (UNH) Unit to Acquire EMIS Group in $1.51 Billion Deal
By Sam Boughedda
A unit of UnitedHealth Group (NYSE:UNH) has agreed on an all-cash deal to acquire Emis Group Plc (LON:EMISG).
The deal values UK health-technology company EMIS at around £1.24 billion ($1.51 billion).
The UnitedHealth affiliate, Bordeaux UK Holdings II Limited, will buy EMIS for 1,925p per share in cash. The agreement represents a premium of approximately 49% to the EMIS closing price of 1,292p per share on 16 June, the last business day before the commencement of the offer period.
“We believe this combination will have the resources and expertise to enable us to better support the NHS and clinicians through technology innovations. EMIS’s long-standing track record of delivering effective technology solutions and strong financial and operating performance combined with UnitedHealth Group’s resources and expertise will enable us to accelerate our development,” said Andy Thorburn, Chief Executive Officer of EMIS.
EMIS shares closed Friday’s session more than 46% higher at 1,890p.
