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IN BRIEF: Emis acquisition by UnitedHealth subsidiary progresses

1st Nov 2022 11:44

Emis Group PLC - Leeds-based healthcare software maker - Says it is in the process of finalising a merger notice with the UK Competition & Markets Authority, ahead of a phase one investigation regarding its acquisition by Optum Health Solutions UK Ltd, a subsidiary of Minnesota, US-based healthcare and insurance company UnitedHealth Group Inc. As a result, Emis expects the scheme to become effect in the first quarter of 2023.

In June, Emis announced it had reached an agreement on the terms of a GBP1.24 billion all cash offer under which Optum Health Solutions UK would acquire its entire share capital.

Current stock price: 1,856.40 pence, down 0.1% on Tuesday in London

12-month change: up 39%

By Heather Rydings; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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EMIS.L
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