UnitedHealth Group (NYSE: UNH) has agreed to buy LHC Group (Nasdaq: LHCG). The deal reportedly values LHC Group at “more than” $5.5 billion.
The plan is to pair LHC Group – one of the largest home health providers in the U.S. – with Optum, which is already integrated into UnitedHealth’s network.
“Since our founding in 1994, ‘It’s all about helping people’ has been the core of our mission, and as part of the Optum team and its value-based capabilities, we will be able to expand our patient-centered mission and help drive best care practices across the country,” Keith Myers, LHC Group’s chairman and CEO, said in a press release. “Working together as organizations committed to caring for the most vulnerable in society will help us more effectively and efficiently deliver high quality and increasingly value-based care in the home.”
The deal is one of the largest of its kind over the last five years in home-based care.
This is an updating story. Please check back later for updates.
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