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Emis shares cancelled upon GBP1.2 billion UnitedHealth takeover

30th Oct 2023 10:40

(Alliance News) - Emis Group PLC shares were cancelled from trading on AIM on Monday, after its takeover by UnitedHealth Group Inc subsidiary Optum Health Solutions (UK) Ltd became effective.

Shares in the Leeds, England-based healthcare software and services company were suspended from trading on AIM in London on Friday. UnitedHealth shares meanwhile closed down 0.7% at USD524.66.

In June last year Emis agreed to a GBP1.24 billion takeover offer by Bordeaux UK Holdings II, an affiliate of Optum Health, which is a subsidiary of Minnesota-based UnitedHealth.

Last month, Emis said the UK Competition & Markets Authority had cleared the deal. The CMA said it was initially concerned that the acquisition would "allow Optum to limit its competitors' access to the data held within Emis' patient record system or to degrade the digital connections to this system, which rivals rely on to provide integrated software."

By Sophie Rose, Alliance News reporter

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